Equitable Holdings, Inc. (EQH) To Go Ex-Dividend on June 1st

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be given a dividend of 0.30 per share on Monday, June 8th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 1st. This is a 11.1% increase from Equitable’s previous quarterly dividend of $0.27.

Equitable has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Equitable has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Equitable to earn $8.75 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 12.3%.

Equitable Stock Performance

NYSE EQH opened at $42.59 on Friday. Equitable has a fifty-two week low of $35.19 and a fifty-two week high of $56.61. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of -14.99, a price-to-earnings-growth ratio of 0.46 and a beta of 1.13. The business has a fifty day moving average of $39.86 and a 200-day moving average of $43.56. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 8.75.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Equitable had a positive return on equity of 232.29% and a negative net margin of 7.26%.The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, analysts predict that Equitable will post 7.11 earnings per share for the current fiscal year.

Equitable declared that its board has authorized a share buyback program on Wednesday, February 11th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.