Primerica, Inc. (PRI) To Go Ex-Dividend on August 21st

Primerica, Inc. (NYSE:PRI) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, August 21st will be given a dividend of 1.20 per share by the financial services provider on Monday, September 14th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 21st.

Primerica has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Primerica has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Primerica to earn $27.05 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 17.7%.

Primerica Stock Performance

Shares of NYSE:PRI opened at $308.20 on Wednesday. Primerica has a fifty-two week low of $230.09 and a fifty-two week high of $327.28. The business has a 50-day simple moving average of $302.22 and a two-hundred day simple moving average of $277.39. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 12.38 and a beta of 0.87.

Primerica (NYSE:PRI) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.38. The business had revenue of $865.07 million for the quarter, compared to analysts’ expectations of $881.00 million. Primerica had a net margin of 23.20% and a return on equity of 32.45%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.46 EPS. As a group, research analysts predict that Primerica will post 25.02 earnings per share for the current year.

Primerica Company Profile

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.