This is Why Prudential (PRU) is a Great Dividend Stock

Company Overview - Prudential (PRU) is headquartered in Newark and operates in the Finance sector [2] - The stock has experienced a price change of 5.03% since the beginning of the year [2] Dividend Information - Prudential currently pays a dividend of $1.3 per share, resulting in a dividend yield of 4.77%, which is significantly higher than the Insurance - Multi line industry's yield of 2.02% and the S&P 500's yield of 1.57% [2] - The company's annualized dividend of $5.20 has increased by 4% from the previous year [2] - Prudential has raised its dividend five times over the last five years, averaging an annual increase of 5.27% [2] - The current payout ratio is 43%, indicating that Prudential pays out 43% of its trailing 12-month EPS as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Prudential's earnings in 2024 is $13.48 per share, reflecting an expected increase of 16.01% from the previous year [3] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [4] - High-yielding stocks may face challenges during periods of rising interest rates, but Prudential is considered a compelling investment opportunity due to its strong dividend profile [4] - Prudential currently holds a Zacks Rank of 3 (Hold) [4]