Equitable Holdings Declares Common and Preferred Stock Dividends

Rhea-AI Summary

Equitable Holdings (NYSE: EQH) has announced quarterly dividend declarations for its common and preferred stock. The company will pay a $0.24 per share dividend on common stock on August 13, 2024, to shareholders of record as of August 6, 2024. For Series A 5.25% Non-Cumulative Perpetual Preferred Stock, a quarterly dividend of $328.125 per share ($0.328125 per depositary share) will be paid on September 16, 2024. Similarly, for Series C 4.30% Non-Cumulative Perpetual Preferred Stock, a quarterly dividend of $268.750 per share ($0.26875 per depositary share) will be paid on the same date. Both preferred stock dividends are for shareholders of record as of September 4, 2024.

Positive

• Consistent dividend payments indicate financial stability
• Dividend payments provide income for shareholders
• Maintaining dividends for both common and preferred stocks shows company confidence

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Equitable Holdings, Inc. (NYSE: EQH), the leading financial services holding company of Equitable, AllianceBernstein and Equitable Advisors, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share of common stock. The dividend on the common stock will be payable August 13, 2024, to shareholders of record at the close of business on August 6, 2024.

The Company’s board also declared the following cash dividends:

• Quarterly dividend of $328.125 per share on Series A 5.25% Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25,000 per share, which are represented by depositary shares (NYSE: EQH PR A), each representing a 1/1,000th interest in a share of preferred stock, holders of which will receive $0.328125 per depositary share. The dividend will be payable on September 16, 2024 to holders of record as of September 4, 2024.
  
  
• Quarterly dividend of $268.750 per share on Series C 4.30% Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25,000 per share, which are represented by depositary shares (NYSE: EQH PR C), each representing a 1/1,000th interest in a share of preferred stock, holders of which will receive $0.26875 per depositary share. The dividend will be payable on September 16, 2024 to holders of record as of September 4, 2024.

About Equitable Holdings

Equitable Holdings, Inc. (NYSE: EQH) is a leading financial services holding company comprised of complementary and well-established businesses, Equitable, AllianceBernstein and Equitable Advisors. Equitable Holdings has $974 billion in assets under management and administration (as of 3/31/2024) and more than 5 million client relationships globally. Founded in 1859, Equitable provides retirement and protection strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients. Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN) has 4,300 duly registered and licensed financial professionals that provide financial planning, wealth management, retirement planning, protection and risk management services to clients across the country.

Reference to the 1859 founding applies specifically and exclusively to Equitable Financial Life Insurance Company (NY, NY).

View source version on businesswire.com: https://www.businesswire.com/news/home/20240726442154/en/

Investor Relations

Erik Bass

(212) 314-2476

IR@equitable.com

Media Relations

Sophia Kim

(212) 314-2010

mediarelations@equitable.com

Source: Equitable Holdings, Inc.

FAQ

What is the dividend amount for Equitable Holdings (EQH) common stock?

Equitable Holdings (EQH) has declared a quarterly cash dividend of $0.24 per share of common stock.

When will Equitable Holdings (EQH) pay its common stock dividend?

The common stock dividend will be payable on August 13, 2024, to shareholders of record at the close of business on August 6, 2024.

What are the dividend amounts for Equitable Holdings (EQH) preferred stocks?

For Series A preferred stock, the dividend is $328.125 per share ($0.328125 per depositary share). For Series C preferred stock, the dividend is $268.750 per share ($0.26875 per depositary share).

When will Equitable Holdings (EQH) pay its preferred stock dividends?

Both Series A and Series C preferred stock dividends will be payable on September 16, 2024, to holders of record as of September 4, 2024.