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Prudential Financial, Inc. (PRU) CEO Charlie Lowrey on Q1 2020 Results - Earnings Call Transcript

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Prudential Financial, Inc. (NYSE:PRU) Q1 2020 Earnings Conference Call May 6, 2020 11:00 AM ET

Company Participants

Darin Arita - Investor Relations

Charlie Lowrey - Chairman & Chief Executive Officer

Rob Falzon - Vice Chairman

Ken Tanji - Chief Financial Officer

Andy Sullivan - Head of U.S. Businesses

Conference Call Participants

Erik Bass - Autonomous Research

Suneet Kamath - Citi

Tom Gallagher - Evercore ISI

Ryan Krueger - KBW

Alex Scott - Goldman Sachs

Nigel Dally - Morgan Stanley

Humphrey Lee - Dowling & Partners

John Barnidge - Piper Sandler

Elyse Greenspan - Wells Fargo

Operator: Ladies and gentlemen, thank you for standing by. Welcome to Prudential’s Quarterly Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session with instructions being given at that time. [Operator Instructions] As a reminder, today’s conference is being recorded.

I would now like to turn the conference over to your host, Mr. Darin Arita. Please go ahead.

Darin Arita

Good morning, and thank you for joining our call. Representing Prudential on today’s call are Charlie Lowrey, Chairman and CEO; Rob Falzon, Vice Chairman; Andy Sullivan, Head of U.S. Businesses; Scott Sleyster, Head of International Businesses; Ken Tanji, Chief Financial Officer; and Rob Axel, Controller and Principal Accounting Officer. We will start with prepared comments by Charlie, Rob and Ken, and then we will take your questions.

Today’s presentation may include forward-looking statements. It is possible that actual results may differ materially from the predictions we make today. In addition, this presentation may include references to non-GAAP measures. For a reconciliation of such measures to the comparable GAAP measures and the discussion of factors that could cause actual results to differ materially from those in the forward-looking statements, please see the slide titled Forward-Looking Statements and Non-GAAP Measures in the

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Comments (4)

Dividend Ambassador profile picture
I don’t see a discussion of the dividend. One analyst asked them if they’d decided to suspend buybacks through the end of the year. No definitive answer was given.
looks like this is all they said about their dividend

We're also highly confident about the quality of our investment portfolio, which Rob will cover in more detail shortly. The strength of our financial position means our dividends to shareholders remain well covered by our income and free cash flow.
This seems to me to be a very strong dividend statement for a company with a nearly 7.5% dividend! I have more PRU than I would like to, but if they can hold the dividend it should pay off nicely in the long run.
fendermon profile picture
No definitive answer ..was putting it politely. The guy made no attempt to answer it at all, that I could tell.
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