Jackson Financial Inc. (JXN) to Distribute Quarterly Dividend of $0.90 on September 24th

Jackson Financial Inc. (NYSE:JXN) declared a quarterly dividend on Monday, August 3rd. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.90 per share on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

Jackson Financial has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings.

Jackson Financial Stock Up 6.3%

NYSE:JXN opened at $134.13 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $112.52 and a 200-day moving average of $111.23. The firm has a market capitalization of $9.35 billion, a PE ratio of -21.95 and a beta of 1.30. Jackson Financial has a 52 week low of $84.41 and a 52 week high of $137.99.

Jackson Financial (NYSE:JXN) last released its quarterly earnings data on Monday, August 3rd. The company reported $7.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.72 by $1.58. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.91 billion. Jackson Financial had a return on equity of 19.04% and a net margin of 1.59%.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.