PUK - Prudential Plc: What Investors Should Take Of This Great (But Complicated) Dividend Stock From The Financial Sector
Investment Thesis
With its impressive dividend record, Prudential plc is a strong dividend stock from the financial sector, yet its multiple businesses make it difficult to understand. The projected spin-off of M&G Prudential simplifies the structure, but the resulting businesses remain far from being straightforward. There are compelling reasons for a further split at Prudential plc; however, in the meantime, and should that never happen, I suggest dividend investors to stay focused on the Asian part of the company, whose business is dependable, growing and offers a proper hedge against rising rates.