Jackson Financial Inc. (NYSE:JXN – Get Free Report) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders of record on Tuesday, March 11th will be given a dividend of 0.80 per share on Thursday, March 20th. This represents a $3.20 dividend on an annualized basis and a yield of 3.43%. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.70.
Jackson Financial has increased its dividend payment by an average of 77.6% per year over the last three years. Jackson Financial has a dividend payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Jackson Financial to earn $20.55 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 13.6%.
Jackson Financial Price Performance
Shares of NYSE:JXN opened at $93.32 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. Jackson Financial has a 12-month low of $48.00 and a 12-month high of $115.22. The business’s fifty day simple moving average is $91.26 and its 200-day simple moving average is $92.62.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Jackson Financial
Insider Activity at Jackson Financial
In related news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the purchase, the director now directly owns 32,023 shares of the company’s stock, valued at approximately $2,891,036.44. This trade represents a 4.91 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Jackson Financial Company Profile
Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.
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