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Jim Trippon's  Instablog

Jim Trippon, CPA, is editor-in-chief of two top performing investments newsletters. His research covers both income investing and emerging markets. Trippon’s Dividend Genius letter(http://www.dividendgenius.com/), covers dividend paying stocks with strong upside potential. Trippon’s China... More
My blog:
chinastockdigest.com/
  • Insurance Dividend Increases Keep On Coming 0 comments
    Nov 12, 2009 02:43 PM | about stocks: PRU, TRV
    Insurance Dividend Increases Keep On Coming
     
                If you been following the blog recently, you've probably noticed more than a few posts about dividend increases in the insurance sector. Dow component Travelers (NYSE: TRV) got the ball rolling a couple of weeks ago in terms of the big insurers, but the dividend hikes have been coming from insurance firms of all sizes. The latest contributor to this trend is Prudential Financial (NYSE: PRU), the second-largest U.S. life insurance firm.
                Prudential recently reported its third consecutive quarterly profit and the company boosted its annual dividend by 21% to 70 cents a share from 58 cents. This is good news for current Prudential shareholders and potential buyers of the stock as well because Prudential slashed its payout by 50% in 2008 amid the credit crisis.
                While the recent increase doesn't make up for last year's cut, it is a step in right direction. The new dividend is payable on December 18 to shareholders of record on November 24.

    For more information about Dividend Genius, visist http://www.dividendgenius.com. To see the latest special offer from Dividend Genius, visit: http://www.dividendstockblog.com/dividend-genius-video.html
    Themes: insuranc Stocks: PRU, TRV
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