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PFG Principal Financial Group dividend history, payout ratio & dates

  1. Stocks
  2. Financial Services
  3. NASDAQ: PFG
  4. Dividend

Principal Financial Group's last quarterly dividend payment of $0.69 per share was made to shareholders on record before Mar 11, 2024. The dividend payment stands at $2.65 per share annually, which equates to a dividend yield of 3.36%. The latest PFG stock dividend of $0.69 is an increase from the previous $0.67 distribution, representing a growth of 3%.

Key dates

  • PFG last dividend date: Mar 11, 2024
  • PFG next dividend date: Not announced
Peer dividends: PRU PRI
PFG dividend stats
DPS
$2.65
Dividend yield
3.29%
Payout ratio
102.7%
vs. Financial Services sector
Dividend yield
3.56%
Payout ratio
39.5%

Dividend yield

What is Principal Financial Group current dividend yield

PFG has a dividend yield of 3.36% which is higher than the industry average but lower than the Financial Services sector average. If we compare it with the Financial Services sector average of 3.56%, Principal Financial Group's dividend yield is 6% lower. The current dividend yield is less than the historical average of 3.9% of the last 5 years.

Dividend history

What is PFG dividend payout history and dates

Principal Financial Group has been paying dividends for the last 22 years. According to our records PFG has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 3.5% since one year ago. And with the stock price up by 2.6% from a year ago, the dividend yield marks an increase of 1%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 11, 2024 Mar 28, 2024 Feb 9, 2024 $0.69 normal
Nov 30, 2023 Dec 20, 2023 Oct 26, 2023 $0.67 normal
Sep 6, 2023 Sep 29, 2023 Jul 27, 2023 $0.65 normal
May 31, 2023 Jun 30, 2023 Apr 27, 2023 $0.64 normal
Mar 14, 2023 Mar 31, 2023 Jan 30, 2023 $0.64 normal
Nov 30, 2022 Dec 19, 2022 Oct 27, 2022 $0.64 normal
Sep 7, 2022 Sep 30, 2022 Aug 8, 2022 $0.64 normal
Jun 1, 2022 Jun 24, 2022 Apr 28, 2022 $0.64 normal
Mar 9, 2022 Mar 25, 2022 Feb 7, 2022 $0.64 normal
Nov 30, 2021 Dec 21, 2021 Oct 26, 2021 $0.64 normal
Aug 31, 2021 Sep 24, 2021 Jul 27, 2021 $0.63 normal
Jun 2, 2021 Jun 25, 2021 Apr 26, 2021 $0.61 normal
Feb 26, 2021 Mar 26, 2021 Jan 28, 2021 $0.56 normal
Dec 1, 2020 Dec 21, 2020 Oct 26, 2020 $0.56 normal
Aug 31, 2020 Sep 25, 2020 Jul 27, 2020 $0.56 normal
May 29, 2020 Jun 26, 2020 Apr 24, 2020 $0.56 normal
Feb 28, 2020 Mar 27, 2020 Jan 28, 2020 $0.56 normal
Dec 2, 2019 Dec 27, 2019 Oct 23, 2019 $0.55 normal
Sep 4, 2019 Sep 27, 2019 Jul 24, 2019 $0.55 normal
May 31, 2019 Jun 28, 2019 Apr 24, 2019 $0.54 normal
Mar 1, 2019 Mar 29, 2019 Jan 28, 2019 $0.54 normal
Nov 30, 2018 Dec 28, 2018 Oct 24, 2018 $0.54 normal
Sep 5, 2018 Sep 28, 2018 Jul 24, 2018 $0.53 normal
Jun 1, 2018 Jun 29, 2018 Apr 25, 2018 $0.52 normal
Mar 2, 2018 Mar 29, 2018 Jan 26, 2018 $0.51 normal
Dec 1, 2017 Dec 28, 2017 Oct 26, 2017 $0.49 normal
Aug 30, 2017 Sep 29, 2017 Jul 26, 2017 $0.47 normal
Jun 1, 2017 Jun 30, 2017 Apr 27, 2017 $0.46 normal
Mar 2, 2017 Mar 31, 2017 Jan 30, 2017 $0.45 normal
Dec 1, 2016 Dec 27, 2016 Oct 27, 2016 $0.43 normal
Aug 31, 2016 Sep 30, 2016 Jul 28, 2016 $0.41 normal
Jun 2, 2016 Jun 24, 2016 $0.39 normal
Mar 3, 2016 Mar 25, 2016 Feb 1, 2016 $0.38 normal
Dec 3, 2015 Dec 28, 2015 Oct 22, 2015 $0.38 normal
Sep 2, 2015 Sep 25, 2015 Jul 23, 2015 $0.38 normal

Principal Financial Group dividend payout ratio

What is Principal Financial Group dividend payout ratio compared to the sector

Payout ratio

PFG has a payout ratio of 102.7% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 39.5%, Principal Financial Group's payout ratio is 160% higher.

Total amount of dividends paid per financial year (from cash flow)

PFG dividend vs peer dividends

How does PFG dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
PRU Prudential Financial Inc 4.57% $5.05 74.7%
PFG Principal Financial Group Inc 3.29% $2.65 102.7%
PRI Primerica Inc 1.26% $2.7 16.9%

Frequently asked questions

Does Principal Financial Group pay a dividend?

Yes, Principal Financial Group has been paying dividends for the last 22 years.

When is Principal Financial Group's next dividend?

Currently PFG's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.

When was PFG's last dividend?

Principal Financial Group's last dividend ex-date was on Mar 11, 2024. The dividend amount was $0.69 per share.

How much dividend does Principal Financial Group pay (per share)?

PFG's annualized dividend per share is $2.65.

What is Principal Financial Group's dividend yield?

The current dividend yield of Principal Financial Group is 3.36%.

How often does Principal Financial Group pay dividends?

Principal Financial Group pays four dividends per year.

What is Principal Financial Group's dividend payout ratio?

The dividend payout ratio of Principal Financial Group is 102.7%.

Does Principal Financial Group pay a good dividend?

Principal Financial Group's dividend yield is less than the Financial Services sector average.