2024-02-13 14:32:57 ET
Summary
- In dividend growth investing, it is often said that the safest dividend is the one just raised.
- Prudential fell short of the analyst consensus for after-tax adjusted operating income per share in Q4 but should still be fine.
- The company possesses an A credit rating from S&P on a stable outlook.
- Prudential's shares could be priced 6% below fair value.
- The asset manager and insurer could be set up to outperform the S&P 500 in the coming 10 years.
A common expression within the dividend growth investing community is as follows: The safest dividend is the one that's just been raised....
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For further details see:
Prudential Financial: A High-Yielding Dividend Stock On Sale