Primerica, Inc. (NYSE:PRI – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Friday, November 20th will be given a dividend of $1.20 per share by the financial services provider on Monday, December 14th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 20th.
Primerica has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Primerica has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Primerica to earn $27.22 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 17.6%.
Primerica Trading Up 1.5%
PRI opened at $284.44 on Thursday. The company has a fifty day moving average price of $283.25 and a two-hundred day moving average price of $278.77. Primerica has a 1-year low of $230.09 and a 1-year high of $327.28. The company has a market cap of $8.75 billion, a P/E ratio of 11.42 and a beta of 0.86.
Primerica (NYSE:PRI – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $6.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.40 by $0.37. The company had revenue of $901.82 million for the quarter, compared to analysts’ expectations of $901.00 million. Primerica had a net margin of 23.20% and a return on equity of 32.45%. During the same quarter in the prior year, the firm earned $6.33 EPS. On average, research analysts forecast that Primerica will post 25.22 EPS for the current fiscal year.
About Primerica
Primerica, Inc is a financial services company that focuses on serving middle-income households in the United States and Canada, as well as families in Puerto Rico. The company distributes its products and services through a network of independent representatives who provide financial education and help clients address protection, savings and investment needs.
Primerica’s principal offerings include term life insurance, investment and savings products, retirement planning solutions, and strategies for managing debt.
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