Corebridge Financial, Inc. (NYSE:CRBG) Declares Quarterly Dividend of $0.25

Corebridge Financial, Inc. (NYSE:CRBG) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.25 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

Corebridge Financial has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Corebridge Financial to earn $5.75 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 17.4%.

Corebridge Financial Stock Performance

NYSE:CRBG opened at $31.50 on Wednesday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $14.04 billion, a P/E ratio of 57.26, a price-to-earnings-growth ratio of 0.39 and a beta of 1.08. The firm has a 50-day moving average price of $29.50 and a two-hundred day moving average price of $27.97. Corebridge Financial has a twelve month low of $22.19 and a twelve month high of $36.57.

Corebridge Financial (NYSE:CRBG) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.66 billion. Corebridge Financial had a net margin of 1.20% and a return on equity of 18.44%. During the same quarter in the prior year, the firm earned $1.36 earnings per share. As a group, research analysts expect that Corebridge Financial will post 4.55 earnings per share for the current fiscal year.

About Corebridge Financial

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.