Equitable Holdings Increases Common Stock Dividend and Declares Preferred Stock Dividends

Rhea-AI Summary

Equitable Holdings (NYSE: EQH) has declared a quarterly cash dividend of $0.24 per share of common stock, marking a 9% increase over the previous quarter. The dividend is payable on June 10, 2024, to shareholders of record as of June 3, 2024.

Additionally, the company’s board has declared several dividends for preferred stocks. For Series A 5.25% Non-Cumulative Perpetual Preferred Stock, a quarterly dividend of $328.125 per share (or $0.328125 per depositary share) is payable on June 17, 2024, to holders of record on June 4, 2024.

For Series B 4.95% Non-Cumulative Perpetual Preferred Stock, a semi-annual dividend of $618.750 per share (or $24.75 per depositary share) is payable on June 17, 2024, to holders of record on June 4, 2024.

For Series C 4.30% Non-Cumulative Perpetual Preferred Stock, a quarterly dividend of $268.750 per share (or $0.26875 per depositary share) is payable on June 17, 2024, to holders of record on June 4, 2024.

Positive

• 9% increase in quarterly cash dividend for common stock.
• Quarterly cash dividend of $0.24 per share of common stock payable on June 10, 2024.
• Series A preferred stock quarterly dividend of $328.125 per share.
• Series B preferred stock semi-annual dividend of $618.750 per share.
• Series C preferred stock quarterly dividend of $268.750 per share.

Negative

• No negative business or financial aspects reported.

NEW YORK--(BUSINESS WIRE)-- Equitable Holdings, Inc. (the “Company”) (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, representing a 9% increase from the prior quarter. The dividend on the common stock will be payable June 10, 2024, to shareholders of record at the close of business on June 3, 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 June 17, 2024 to holders of record as of June 4, 2024.

• 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 17, 2024 to holders of record as of June 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 June 17, 2024 to holders of record as of June 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/20240522542090/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 dividend per share for Equitable Holdings common stock?

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

When will Equitable Holdings pay the common stock dividend?

The common stock dividend will be payable on June 10, 2024.

What is the record date for Equitable Holdings' common stock dividend?

The record date for the common stock dividend is June 3, 2024.

What is the dividend for Equitable Holdings Series A preferred stock?

The Series A preferred stock has a quarterly dividend of $328.125 per share, or $0.328125 per depositary share.

When will the Series A preferred stock dividend be paid?

The Series A preferred stock dividend will be payable on June 17, 2024.

What is the record date for the Series A preferred stock dividend?

The record date for the Series A preferred stock dividend is June 4, 2024.

What is the dividend for Equitable Holdings Series B preferred stock?

The Series B preferred stock has a semi-annual dividend of $618.750 per share, or $24.75 per depositary share.

When will the Series B preferred stock dividend be paid?

The Series B preferred stock dividend will be payable on June 17, 2024.

What is the record date for the Series B preferred stock dividend?

The record date for the Series B preferred stock dividend is June 4, 2024.

What is the dividend for Equitable Holdings Series C preferred stock?

The Series C preferred stock has a quarterly dividend of $268.750 per share, or $0.26875 per depositary share.

When will the Series C preferred stock dividend be paid?

The Series C preferred stock dividend will be payable on June 17, 2024.

What is the record date for the Series C preferred stock dividend?

The record date for the Series C preferred stock dividend is June 4, 2024.