Equitable Holdings, Inc. (EQH) to Distribute Quarterly Dividend of $0.30 on November 30th

Equitable Holdings, Inc. (NYSE:EQH) announced a quarterly dividend on Tuesday, November 10th. Shareholders 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 2.1%. The ex-dividend date is Monday, November 23rd.

Equitable has raised its dividend 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 payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

EQH opened at $55.88 on Thursday. The stock has a fifty day moving average of $53.52 and a 200-day moving average of $46.24. The firm has a market capitalization of $14.90 billion, a P/E ratio of 10.73, a PEG ratio of 0.54 and a beta of 1.06. Equitable has a 12-month low of $35.19 and a 12-month high of $56.83. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 2nd. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.27. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.75 billion. Equitable had a negative return on equity of 3,089.96% and a net margin of 11.53%. Equitable’s revenue for the quarter was up 167.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. Equities analysts forecast that Equitable will post 7.20 EPS for the current fiscal 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.