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PRU Prudential Plc

826.40
-24.40 (-2.87%)
Share Name Share Symbol Market Stock Type
Prudential Plc PRU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-24.40 -2.87% 826.40 16:35:15
Open Price Low Price High Price Close Price Previous Close
842.00 810.80 849.20 826.40 850.80
more quote information »
Industry Sector
LIFE INSURANCE

Prudential PRU Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
20/03/2024InterimUSD0.142128/03/202402/04/202416/05/2024
25/08/2023InterimUSD0.062607/09/202308/09/202319/10/2023
10/03/2023InterimUSD0.130423/03/202324/03/202315/05/2023
10/08/2022InterimUSD0.057418/08/202219/08/202227/09/2022
09/03/2022InterimUSD0.118624/03/202225/03/202213/05/2022
11/08/2021InterimUSD0.053719/08/202120/08/202128/09/2021
03/03/2021InterimGBP0.077125/03/202126/03/202114/05/2021
07/08/2020InterimGBP0.041720/08/202021/08/202028/09/2020

Top Dividend Posts

Top Posts
Posted at 14/5/2025 13:11 by philanderer
Yes, nice dividend into my ii account this morning.
Posted at 13/5/2025 17:44 by sigmund freud
go phil!
go suet!
go pru!
go MS! (for once!!)
it isn't a big divvy, but last year it was 2.8% covered a massive 3.8x
12 month high close today
bliss
Posted at 13/5/2025 11:28 by suetballs
And a dividend tomorrow too.
Suet
Posted at 24/3/2025 10:44 by suetballs
This is rising nicely from the £6 low.
Looks like pru is back on the radar.
Suet
Posted at 22/3/2025 09:42 by davius
The last part of an II article comparing M&G and Pru:

Prudential has firmer credentials as all-round recovery share

Pru’s 2024 income statement benefits from a near-50% positive swing in the net finance expense from insurance contracts, but performance-wise, its insurance service result rose 10% and the net investment result by 22%, with reported net profit up 41% to $2,415 million (£1.865 million) and earnings per share by 36%.

While $600 million or so is being paid out in respect of 2024 dividends, $785 million was “returned̶1; so to speak last year as part of a $2 billion share buyback programme which continues. Moreover, net cash from operations soared from $832 million to $3,609 million. Buybacks tempered growth in year-end cash to 21% to $5,772 million.

If compromises can be found on US tariffs – which could take a lot more pain by way of US economic data, to force the current breed of Republicans out their “Make American Great Again” dogma – then Prudential currently looks the best-placed of the London-listed insurance/investment giants.

But if the US administration stays stubborn, mind the risk of how “developing markets”, lately a plus point for Prudential, could turn negatively for the medium term. Repeatedly over decades, “emerging markets” get promoted as resilient to a downturn then get hit in a wider one, hence the adage about how “you cannot escape in an emergency”. This, I believe, is the essential hinge in Prudential’s risk/reward profile, and that financial market volatility remains a key factor.

Overall, and despite my missing the recent rally, at around 785p today I rate Prudential a “buy” for total long-term return.
Posted at 20/3/2025 05:35 by davius
Looking reasonable.


Performance highlights on a constant exchange rate basis unless otherwise stated

All new business profit growth rates in this report are reported on a constant exchange rate basis, and excluding interest rate and other economic movements, unless otherwise stated.

New business profit of $3,078 million, up 11 per cent. Including the effects of interest rates and other economic movements, new business profit was broadly flat. TEV new business profit also up 11 per cent.

Operating free surplus generated from in-force insurance and asset management business of $2,642 million (2023: $2,706 million) was in line with the shape of free surplus generation we set out from 2022 to 2027. We continue to invest in improving our operating model, to build capabilities and create value, including through addressing variances.

Adjusted operating profit before tax increased 10 per cent to $3,129 million. Adjusted operating profit after tax increased by 7 per cent to $2,582 million. Earnings per share based on adjusted operating profit was 89.7 cents per share, representing an increase of 8 per cent on a consistent basis with 2023 (before the adjustment in respect of the non-controlling interest in our Malaysia conventional life business).

Group EEV equity of $44.2 billion (2023: $45.3 billion on an actual exchange rate basis) equivalent to 1,664 cents per share (2023: 1,643 cents per share on an actual exchange rate basis).

Strong capital position with free surplus ratio of 234 per cent and GWS shareholder surplus over GPCR of $15.9 billion, equivalent to a cover ratio of 280 per cent. Allowing for the share buyback programme completion, payment of the 2024 second interim dividend and the commencement of the new bancassurance arrangement in Indonesia, the free surplus ratio would be 204 per cent.

Completed $1,045 million (123 million shares) in share buybacks as at 14 March under our $2 billion programme announced in June 2024. This programme is now expected to complete by the end of 2025 rather than our original guidance of mid-2026.

2024 total dividend of 23.13 cents per share, up 13 per cent, with 2024 second interim dividend of 16.29 cents per share. Including share buybacks total shareholder returns in FY24 were $1.4 billion.
Posted at 13/2/2025 08:57 by 1jat
Pru will not quit the London market, but it must grow its Asian investor base (they know the markets Pru operates in much better than historic western investors and are likely to give it higher valuation). It will become increasingly like Standard Chartered, British in name only.

There is limited value in cross border ownership of insurance these days. Local capital rules continue to dominate and excess capital is held in complex groups.

It is always desirable to have majority control over subsidiaries to be able to release value to the Group. There may well be a divergence of views over the future of the JVs between ICICI and Pru. Having sold down to 22% on the Life JV, we may see a similar quantum of change on the Asset Management side.
The last results showed ICICI-Pru IM managed about US$100bn which is growing quickly. Investment Management is a high volume low margin business if they are making 25bps that would be $250m pa profit and on a multiple of 10x (conservative given growth prospects) a value of about $2.5bn, 30% would be about $750m before taxes. It will be interesting to see what the IPO valuation is and how much Pru manages to extract after tax…..possibly up to $1bn depending on conditions and what % is sold.
Posted at 13/2/2025 00:39 by philanderer
Market report


Prudential said that should it go ahead with the spin-off of its Indian arm, the net proceeds would be returned to shareholders and that it would provide a further update ‘at an appropriate time’.

Bank of America analysts said the move ‘could be a positive catalyst’, adding: ‘We think several investors are not aware of the value of this business.’ Shares in Prudential surged 5.8 per cent, or 39.4p, to 722p.

ICICI Bank, which holds the remaining 51 per cent, said it intended to retain the stake.

Prudential, an insurer with historical roots in the UK, where its typical agent was once termed the ‘man from the Pru’, is today purely focused on Asia and Africa.

Its chairman, Baroness Vadera, is based in London, but Anil Wadhwani, who has been chief executive since early 2023, leads the business from Hong Kong.

Prudential has repeatedly batted off suggestions that it might quit London itself.


Daily Mail
Posted at 27/1/2025 18:00 by sigmund freud
as to specifics i have no idea salver.
however china is a big market for pru and their wealth management
so can only assume if the china economy is hit, pru is also indirectly
the nightmare situation is if they get to the point of treating any contact with china as they currently do with iran. but if it got to that point, i'd have bigger things to worry about than the pru sp
my guess is that any china deal is a plus for pru, and atm even no news is good news
Posted at 14/1/2025 15:56 by sigmund freud
£600m in trade deals sounds like pennies for China. and not a lot for us.
Interesting to hear Chair of PRU was there though. only thing to negate it was that someone from abrdn was there too.

PRU has a p/e of 8-9, yield of 2-% but consistently covered 4-5* (someone please explain why different websites have so varied financial calcs). last year's peg was 1 and eps growth 12%, but with endless buybacks the latter 2 will look even better soon.

it does indeed look like where the banks were 18-24 months ago. and i made a shed-load from them!

PRU based in a growth region which has rapidly-expanding wealth. chatter re a potential partial sale of eastspring.

it is possible that the Trump inauguration is peak china-related share despair, and all his BS will turn out to be just that.

my direct line shares are getting sold to average down my PRU again

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