Equitable Holdings announces dividend, yields align with growth

Equitable Holdings Inc (NYSE:EQH), a company known for providing financial services to individuals and small businesses, has declared a quarterly dividend of $0.22 per share, scheduled for December 4. The ex-dividend date is set for today, with the firm’s current dividend yield at 2.91% and an anticipated increase to a forward yield of 3.06%.

The company has seen a robust average dividend growth rate of 10.40% over the past three years, attributed to the success of its Protection Solutions and Investment Management divisions. These segments have been pivotal in maintaining a consistent five-year yield on cost that matches today’s yield percentage.

Equitable Holdings specializes in tax-deferred investments and annuity products offered through its Individual and Group Retirement segments. The company’s strategic focus on these areas has contributed to its steady financial performance and the ability to provide shareholders with reliable returns.

InvestingPro Insights
Equitable Holdings Inc (EQH) has been a beacon for investors seeking stable dividend income, as evidenced by its six-year streak of raising dividends. This commitment to shareholder returns aligns with the company’s recent declaration of a quarterly dividend, which underscores its financial stability and investor-friendly policies.

InvestingPro Data reveals a market capitalization of $9.54 billion and a compelling price-to-earnings (P/E) ratio of 6.47, with an adjusted P/E ratio of 6.12 for the last twelve months as of Q3 2023. Despite a revenue decline of 17.97% over the same period, the company has managed a significant quarterly revenue growth of 25.51% in Q3 2023.

Among InvestingPro Tips, it’s worth noting that Equitable Holdings is trading at a low earnings multiple, which may indicate a potential undervaluation. Additionally, the company’s liquid assets surpass its short-term obligations, highlighting a strong liquidity position. For investors seeking deeper insights, there are 11 additional InvestingPro Tips available for EQH, which can be accessed with a subscription to InvestingPro, now available at a special Black Friday discount of up to 55%.

With analysts predicting profitability for the year and a fair value estimate at $35, which sits above the previous close price of $28.19, EQH could present an attractive opportunity for those looking to capitalize on a potentially undervalued stock with a solid dividend history.