Jackson Financial Inc. (NYSE:JXN) Shares Will Pay Quarterly Dividend of $0.90

Jackson Financial Inc. (NYSE:JXN) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.90 per share on Thursday, December 17th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, December 3rd.

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

Jackson Financial Trading Up 1.5%

NYSE JXN opened at $142.76 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. Jackson Financial has a twelve month low of $89.67 and a twelve month high of $143.27. The firm has a market capitalization of $9.67 billion, a PE ratio of 199.90 and a beta of 1.34. The stock’s 50 day moving average is $133.39 and its 200 day moving average is $118.32.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $7.55 EPS for the quarter, topping analysts’ consensus estimates of $7.24 by $0.31. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Jackson Financial had a return on equity of 18.93% and a net margin of 1.59%.

Wall Street Analyst Weigh In

JXN has been the topic of several research reports. Evercore set a $135.00 target price on Jackson Financial in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Jackson Financial from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Barclays set a $151.00 target price on shares of Jackson Financial in a report on Thursday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jackson Financial in a research report on Monday. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $140.00 price target on shares of Jackson Financial in a research note on Friday, September 18th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $134.20.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services company focused on helping individuals and institutions pursue retirement security. Through its operating subsidiaries, the company develops and distributes annuity products designed to provide income, investment growth opportunities and protection against certain retirement-related risks.

Jackson’s offerings include variable annuities, fixed annuities and fixed-indexed annuities, along with related retirement planning solutions.