Jackson Financial (NYSE:JXN) Has Announced That It Will Be Increasing Its Dividend To $0.70 [Yahoo! Finance]
Jackson Financial Inc. Class A (JXN)
Company Research
Source: Yahoo! Finance
This will take the dividend yield to an attractive 5.4%, providing a nice boost to shareholder returns. View our latest analysis for Jackson Financial Jackson Financial's Earnings Easily Cover The Distributions If the payments aren't sustainable, a high yield for a few years won't matter that much. Before making this announcement, Jackson Financial was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business. Looking forward, earnings per share is forecast to fall by 14.7% over the next year. If the dividend continues along the path it has been on recently, we estimate the payout ratio could be 26%, which is comfortable for the company to continue in the future. Jackson Financial Doesn't Have A Long Payment History The company has maintained a consistent dividend for a few years now, but we would like to see a longer track record before relying on it. Since 2022, the dividend has gone from $2.00 total annuall
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JXN
News
- Here's Why Jackson Financial (JXN) Rose in Q1 [Yahoo! Finance]Yahoo! Finance
- Jackson Financial Inc. (NYSE: JXN) had its price target raised by analysts at Morgan Stanley from $52.00 to $70.00. They now have an "equal weight" rating on the stock.MarketBeat
- Jackson Financial Inc. (NYSE: JXN) had its price target raised by analysts at Evercore ISI from $55.00 to $62.00. They now have an "in-line" rating on the stock.MarketBeat
- Jackson Financial Inc. (NYSE: JXN) had its price target raised by analysts at Keefe, Bruyette & Woods from $68.00 to $75.00. They now have an "outperform" rating on the stock.MarketBeat
- Jackson's Joe Caruso Receives Insured Retirement Institute's Inaugural Rising Star Award [Yahoo! Finance]Yahoo! Finance
JXN
Earnings
- 2/21/24 - Miss
JXN
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEF
- 4/9/24 - Form DEFA14A
- JXN's page on the SEC website