Is Prudential Financial a Great Dividend Stock?
Insurance giant Prudential Financial (NYSE: PRU) declared a quarterly dividend of $1.10 per share for the third quarter on Aug. 11, maintaining the same payout it had in the second quarter. That's one of the highest dividends in the financial sector and among the best on the market.
But can Prudential afford to sustain it in a tough market? Let's take a look to see if Prudential is a great dividend stock.
The bottom-line number is fantastic. A $1.10 per share quarterly dividend comes out to $4.40 per year, per share. If you own 500 shares of Prudential, that comes out to $2,200 per year in your pocket if you choose to take the distribution (or in the stock if you'd rather reinvest it).
Source Fool.com
