Equitable Holdings, Inc. (NYSE:EQH) Shareholders to Receive $0.30 Quarterly Dividend

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Monday, November 23rd will be paid a dividend of $0.30 per share on Monday, November 30th. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 23rd.

Equitable has raised its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Equitable has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Equitable to earn $8.84 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 13.6%.

Equitable Stock Down 0.8%

Equitable stock traded down $0.42 during mid-day trading on Wednesday, reaching $55.10. The company’s stock had a trading volume of 197,136 shares, compared to its average volume of 3,428,481. The business’s 50 day simple moving average is $53.39 and its 200 day simple moving average is $46.19. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable has a 12 month low of $35.19 and a 12 month high of $56.83. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 0.54 and a beta of 1.06.

Equitable (NYSE:EQH) last posted its quarterly earnings data on Monday, November 2nd. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.27. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.75 billion. Equitable had a net margin of 11.53% and a negative return on equity of 3,089.96%. The company’s quarterly revenue was up 167.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. As a group, research analysts anticipate that Equitable will post 7.20 earnings per share for the current year.

About Equitable

Equitable Holdings, Inc. is a financial services company focused on retirement, protection and wealth management. Through its Equitable business, it offers products and services including life insurance, annuities, employee benefits and retirement planning solutions to individuals, employers and institutions. The company also has a majority ownership interest in AllianceBernstein, an investment management and research firm that serves institutional and individual clients. AllianceBernstein operates internationally, while Equitable’s insurance and retirement businesses primarily serve customers in the United States.