Wednesday, November 11, 2009

PRU: Tuesday, November 10, 2009 4:08:53 PM Prudential Financial Raises dividend 21% to $0.70 from $0.58
-.. http://bit.ly/110fPZ

4 comments:

whistler said...

Maybe you can explain how a 0.12 (12 cents) increase in a dividend per share, paid out annually, can justify an exuberant jump from 47.58 close to 48+ open and then increasing to 49.18 range or $1.90 (1 dollar 90 cents) move at the time of this post?

Big whoop .12 cents uptick in annual dividend (which is tiny if you ask me) per share, causes the stock to trade 4 percent higher?

There is NO justification for this type of move, except, it be a manipulation in the market and dilution of common sense.

whistler said...

correction 49.37 range not 49.18

whistler said...

http://www.investor.prudential.com/phoenix.zhtml?c=129695&p=irol-dividends

whistler said...

Declared Record Payable Amount
11/10/09 11/24/09 12/18/09 $0.700
11/11/08 11/24/08 12/19/08 $0.580
11/13/07 11/26/07 12/21/07 $1.150
11/14/06 11/27/06 12/21/06 $0.950
11/08/05 11/22/05 12/19/05 $0.780
11/09/04 11/23/04 12/20/04 $0.625
11/11/03 11/25/03 12/18/03 $0.500
11/12/02 11/25/02 12/18/02 $0.400
In eight years the dividend goes up a mere 30 cents. That is equal to approximately .03 ¾ cents per year (3 and three quarter cents per year for 8 years).
www.investor.prudential.com/phoenix.zhtml?c=129695&p=irol-dividends

Big whoopie. I am concerned the market may have undervalued this move by the board of directors at Prudential. Hurry, get your piece of the rock.