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 $0.20 per share, reflecting an 11% increase from the previous quarter. This dividend will be payable on June 6, 2022, to shareholders of record by May 30, 2022. Additional dividends include $328.125 per share on Series A preferred stock and $618.750 semi-annually on Series B preferred stock, both payable on June 15, 2022. The company manages approximately $856 billion in assets and serves over 5 million clients worldwide.

Positive

• 11% increase in the common stock dividend to $0.20 per share.
• Dividends payable on June 6, 2022, and June 15, 2022, demonstrate strong cash flow.
• Total assets under management of $856 billion indicates substantial financial stability.

Negative

• None.

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 $0.20 per share of common stock, representing an 11% increase from the prior quarter. The dividend on the common stock will be payable June 6, 2022, to shareholders of record at the close of business on May 30, 2022.

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, 2022 to holders of record as of June 3, 2022.
• 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, 2022 to holders of record as of June 3, 2022.
• 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, 2022 to holders of record as of June 3, 2022. 

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 12,100 employees and financial professionals, $856 billion in assets under management (as of 3/31/2022) and more than 5 million client relationships globally.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220519005880/en/

Investor Relations

Işıl Müderrisoğlu

(212) 314-2476

IR@equitable.com

Media Relations

Todd Williamson

(212) 314-2010

mediarelations@equitable.com

Source: EQH Investor Relations

FAQ

What is the new dividend amount declared by EQH?

Equitable Holdings, Inc. has declared a quarterly cash dividend of $0.20 per share.

When is the dividend payable to EQH shareholders?

The dividend will be payable on June 6, 2022, to shareholders of record as of May 30, 2022.

What other dividends has EQH declared?

EQH has also declared a quarterly dividend of $328.125 per share on Series A preferred stock and a semi-annual dividend of $618.750 per share on Series B preferred stock, both payable on June 15, 2022.

How many client relationships does EQH have?

Equitable Holdings serves more than 5 million client relationships globally.

What is the total assets under management for EQH?

Equitable Holdings has approximately $856 billion in assets under management.