Equitable Holdings Boosts Quarterly Dividend 11% to $0.30, Declares Preferred Payouts
EQH sits 21% above its 52-week low of $35.195.
Summary
Equitable Holdings increased its quarterly common stock dividend by 11% to $0.30 per share, annualizing to $1.20. The company also declared quarterly dividends for its Series A and Series C preferred shares. This move follows the robust Q1 earnings reported on May 7th, which included a significant net income surge and a new $1.0 billion share repurchase authorization. The dividend hike reinforces management's confidence in the company's financial strength and commitment to shareholder returns amidst its pending merger with Corebridge Financial.
At the time of this announcement, EQH was trading at $42.41 on NYSE in the Finance sector, with a market capitalization of approximately $11.9B. The 52-week trading range was $35.20 to $56.61. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.