No dividend increase – PRU プルデンシャルは増配せず


Hello readers, how’s your weekend?  We have another beautiful day here in Tokyo, but I have to stay in home to preapre for a job interview next week.

There is a bad news from Prudential Financial (PRU). a protfolio company of mine.

“NEWARK, N.J.–(BUSINESS WIRE)–Nov. 8, 2016– Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.70 per share of Common Stock, payable on December 15, 2016, to shareholders of record at the close of business on November 22, 2016”

I had a high expectation that Prudential Financial (PRU) would declare raising its quarterly dividend in November as they did for the last three years. $0.7 will be flat for the five consecutive quarters.

8/15/2013 $0.4 -> 11/11/2013 $0.53 -> 11/11/2014 $0.58 -> 11/10/2015 $0.70 -> 11/8/2016 $0.70  

The YOC of my position in PRU will remain at 4.1% and its has 45% of unrealized gain. So I will continue to hold the position in PRU although I was disappointed by PRU’s decision not to raise its quarterly dividend this time.

Disclosure: Long PRU





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