Equitable Holdings Increases Common Stock Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.18 per share, marking a 6% increase from the previous quarter. This dividend is set to be paid on June 7, 2021, to shareholders on record as of May 31, 2021. Additionally, the Board declared dividends on preferred stocks, including $328.125 per share for Series A and $618.750 for Series B, both payable on June 15, 2021. The company manages $822 billion in assets and has over 5 million client relationships globally.

Positive

• Quarterly dividend increased by 6%, signaling company confidence.
• Total assets under management of $822 billion enhances financial stability.
• Strong history of dividend payments supports income for shareholders.

Negative

• None.

Equitable Holdings, Inc. (the “Company”) (NYSE: EQH) announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock, representing a 6% increase from the prior quarter. The dividend on the common stock will be payable June 7, 2021 to shareholders of record at the close of business on May 31, 2021.

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 June 15, 2021 to holders of record as of June 4, 2021.

• Semi-annual dividend of $618.750 per share on Series B 4.95% Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25,000 per share, which are represented by depositary shares, each representing a 1/25th interest in a share of preferred stock, holders of which will receive $24.75 per depositary share. The dividend will be payable on June 15, 2021 to holders of record as of June 4, 2021.

• 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 June 15, 2021 to holders of record as of June 4, 2021.

   

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 12,000 employees and financial professionals, $822 billion in assets under management (as of 3/31/2021) and more than 5 million client relationships globally.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210520006043/en/

FAQ

What is the dividend amount for EQH shareholders in Q2 2021?

The dividend amount for EQH shareholders in Q2 2021 is $0.18 per share.

When will the EQH dividend be paid?

The EQH dividend will be paid on June 7, 2021.

What is the record date for the EQH dividend payment?

The record date for the EQH dividend payment is May 31, 2021.

What is the dividend for Series A preferred stockholders?

Series A preferred stockholders will receive a dividend of $328.125 per share.

When will the Series B preferred stock dividend be paid?

The Series B preferred stock dividend will be paid on June 15, 2021.

What is the total assets under management by Equitable Holdings?

Equitable Holdings has approximately $822 billion in assets under management.