Prudential plans $2 billion share buyback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2024
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Source: Yahoo Finance
- Prudential's Share Buyback Program: Prudential plans a $2 billion share buyback program to be completed by mid-2026, with the first tranche of $700 million starting soon.
- Financial Objectives and Cash Returns: The buyback is part of the company's progress towards its 2027 financial goals and aims to increase cash returns to shareholders.
- Dividend Expectations: Prudential's CEO expects the annual dividend for 2024 to grow by 7% to 9% compared to the previous year, showing confidence in future business growth.
- Financial Performance: In March, Prudential reported an 8% increase in annual operating profit, driven by policy sales in key markets like Asia and Africa.
- Strategic Outlook: The company is focused on achieving its 2027 financial and strategic objectives, indicating positive growth prospects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
