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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
November 13, 2008 at 11:00 AM
Prudential Financial Inc. says it will continue to pay an annual dividend this year.
Prudential, Newark, N.J., will reduce the dividend to 58 cents per common share, from $1.15.
Prudential will pay the dividend Dec. 19 to shareholders who hold its stock when the business day ends Nov. 24.
Making the dividend cut “was a prudent move given uncertain and difficult equity/credit market conditions,” Andrew Kligerman, an analyst at UBS Investment Research, New York, writes in a comment.
The cut will save Prudential about $240 million in cash this year, Kligerman says.
Kligerman notes that Prudential has solid liquidity and is eligible for federal bailout money because it is a savings and loan holding company.
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