2024-01-30 18:59:57 ET
Summary
- Prudential is an attractive income stock that boasts a ~4.7% dividend yield and trades at a reasonable valuation.
- The company's well-diversified lines of business and strong balance sheet back the robust payout, and we expect operational momentum around Prismic should only strengthen things going forward.
- Despite some risks related to interest rates and global exposure, PRU remains a safe and robust income investment.
- We re-iterate our "Buy" rating.
There are a lot of dividend paying stocks out there, but few look as attractive as Prudential ( PRU ) does right now. The company's operations are poised to pay the firm's enticing ~4.7% dividend well into the future, and shares appear reasonably valued, trading at only a very slight premium to historical measures.
When we wrote about the company in July of last year in an article titled " Prudential: The Ultimate SWAN Yield ", we made the case that the company had a number of strong tailwinds powering the yield, and that investors in the name could rest easy. Since then, the stock has outperformed the S&P 500 handily:
Seeking Alpha
Read the full article on Seeking Alpha
For further details see:
Prudential: 3 Reasons To Buy This Dividend Machine