Primerica, Inc. Plans Quarterly Dividend of $1.04 (NYSE:PRI)

Primerica, Inc. (NYSE:PRI) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Friday, November 21st will be given a dividend of 1.04 per share by the financial services provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st.

Primerica has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Primerica has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Primerica to earn $22.65 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 18.4%.

Primerica Trading Down 1.8%

PRI stock opened at $255.80 on Thursday. Primerica has a 12 month low of $230.98 and a 12 month high of $307.91. The company has a 50-day moving average price of $269.46 and a 200 day moving average price of $267.30. The stock has a market cap of $8.29 billion, a PE ratio of 12.64 and a beta of 0.96.

Primerica (NYSE:PRI) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.52 by $0.81. The company had revenue of $838.88 million during the quarter, compared to analysts’ expectations of $817.81 million. Primerica had a net margin of 21.48% and a return on equity of 32.42%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.83 EPS. Sell-side analysts forecast that Primerica will post 20.6 EPS for the current year.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.