Equitable Holdings Declares Common and Preferred Stock Dividends

Rhea-AI Summary

Equitable Holdings, Inc. (EQH) announces quarterly cash dividends for common stock and preferred stock. The common stock dividend is $0.22 per share payable on March 4, 2024. The Series A preferred stock dividend is $328.125 per share, and the Series C preferred stock dividend is $268.750 per share, both payable on March 15, 2024.

Insights

Financial Analyst

From a financial standpoint, the declaration of a quarterly cash dividend by Equitable Holdings, Inc. is a sign of the company's current financial health and its ability to generate sufficient cash flow to return value to shareholders. The consistency of dividend payments often indicates a stable and predictable business model, which can be attractive to income-focused investors. Moreover, the specified dividend amounts for common and preferred stock suggest a prioritization of capital return to shareholders, which could be a positive signal for the market, potentially influencing the stock's attractiveness.

It is important to analyze the dividend yield, which is calculated by annualizing the quarterly dividend and dividing by the stock's price. This figure, compared to industry averages and fixed income alternatives, can provide insights into the investment's attractiveness relative to other options. Additionally, the payout ratio, which is the proportion of earnings paid out as dividends, should be evaluated to assess the sustainability of these dividends in the long term.

Market Research Analyst

Examining the impact of dividend announcements on the stock market, it's generally observed that such news can lead to an increase in stock price due to perceived shareholder value. Investors may interpret the announcement as a signal of confidence from the company's management in its financial stability and future prospects. Furthermore, the market often pays close attention to the dividend declarations on preferred stock, as they tend to offer higher yields and have payment priority over common stock, making them a significant component of income portfolios.

However, the market also monitors the dividend coverage ratio closely, which measures a company's ability to pay its dividends from its net income. A low coverage ratio could be a warning sign that dividends might not be sustainable. In contrast, a high coverage ratio indicates that the company comfortably covers its dividend payments, which could reassure investors about the company's financial stability.

NEW YORK--(BUSINESS WIRE)-- Equitable Holdings, Inc. (the “Company”) (NYSE: EQH) announced today that its Board of Directors has declared a quarterly cash dividend of $0.22 per share of common stock. The dividend on the common stock will be payable March 4, 2024, to shareholders of record at the close of business on February 26, 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 March 15, 2024 to holders of record as of March 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 March 15, 2024 to holders of record as of March 4, 2024.

About Equitable Holdings

Equitable Holdings, Inc. (NYSE: EQH) is a financial services holding company comprised of two complementary and well-established principal franchises, Equitable and AllianceBernstein. Founded in 1859, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. Equitable Holdings has approximately 9,100 employees and financial professionals, $930 billion in assets under management and administration (as of 12/31/2023) and more than 5 million client relationships globally.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240214114181/en/

Investor Relations

Erik Bass

(212) 314-2476

IR@equitable.com

Media Relations

Sophia Kim

(212) 314-2010

mediarelations@equitable.com

Source: EQH Investor Relations

FAQ

What is the quarterly cash dividend for Equitable Holdings' common stock (EQH)?

The quarterly cash dividend for Equitable Holdings' common stock is $0.22 per share.

When will the common stock dividend be payable?

The common stock dividend will be payable on March 4, 2024.

What is the dividend for Equitable Holdings' Series A preferred stock (EQH PR A)?

The dividend for Equitable Holdings' Series A preferred stock is $328.125 per share.

When will the Series A preferred stock dividend be payable?

The Series A preferred stock dividend will be payable on March 15, 2024.

What is the dividend for Equitable Holdings' Series C preferred stock (EQH PR C)?

The dividend for Equitable Holdings' Series C preferred stock is $268.750 per share.

When will the Series C preferred stock dividend be payable?

The Series C preferred stock dividend will be payable on March 15, 2024.