Equitable Holdings, Inc. - EQH STOCK NEWS

Equitable Holdings, Inc. (NYSE: EQH) has declared a quarterly cash dividend of $0.18 per share, payable on December 6, 2021, to shareholders on record by November 29, 2021. Additional dividends include $328.125 per share for Series A preferred stock and $618.75 for Series B, both payable on December 15, 2021, to holders recorded by December 3, 2021. The company manages approximately $871 billion in assets and serves over 5 million clients worldwide, showcasing its strong market position.

Equitable (NYSE: EQH) has announced the expansion of its variable and index-linked annuity products through technology-enabled platforms, specifically the FIDx-powered Envestnet Insurance Exchange. This partnership aims to enhance distribution channels for financial professionals, making it easier for them to integrate insurance products alongside managed investments.

The company has a long history of innovation in annuities and is committed to providing fee-based versions of its products, addressing the growing demand for tax deferral and market protection in client portfolios.

AllianceBernstein (AB) has announced the addition of Jackson National Life Insurance Company (JXN) to its Lifetime Income Strategy (LIS) platform, enhancing retirement solutions for Defined Contribution plans. With this move, Jackson becomes the fifth insurer backing AB's in-plan guaranteed income solution, which currently manages over $6 billion in assets. AB aims to provide effective lifetime income options, benefiting both plan sponsors and participants, especially in light of the SECURE Act's provisions on annuities.

Equitable Holdings (NYSE: EQH) reported strong financial results for Q3 2021, with net income of $672 million and non-GAAP operating earnings of $818 million, reflecting a 56% increase from the previous year. Total assets under management (AUM) rose 17% to $871 billion, driven by positive net inflows of $7.1 billion. The company announced a financing transaction unlocking $1 billion in capital, enhancing its shareholder value. Despite a minor impact from annual actuarial assumption reviews, the company maintains a strong capital position to continue generating solid returns for stakeholders.

Equitable Holdings has appointed Joan Lamm-Tennant as the new independent Chair of its Board of Directors, effective immediately. Lamm-Tennant, a director since January 2020, has significant industry and risk management expertise. She succeeds Ramon de Oliveira, who resigned due to communication issues unrelated to the company's operations. The company emphasizes its financial strength and stability, indicating positive prospects under Lamm-Tennant's leadership as it continues to enhance its ESG strategy and risk framework.

Equitable Holdings, Inc. (NYSE: EQH) will release its third-quarter financial results on November 3, 2021, after market close. A conference call to discuss these results is scheduled for November 4, 2021, at 8:00 a.m. ET. Investors can access the conference call and additional earnings materials via the company's investor relations website. Equitable Holdings has around 12,000 employees and manages approximately $869 billion in assets, supporting over 5 million client relationships worldwide.

Equitable Holdings (NYSE: EQH) has announced the launch of its 2022 Equitable Excellence Scholarship program, aimed at supporting high school seniors in achieving their educational goals. This year, the program will provide 100 annual scholarships of $5,000, renewable for four years, plus 100 one-time scholarships of $2,500. The initiative focuses on empowering students facing challenges, particularly in the context of the pandemic, and aims to address educational inequities through partnerships with Scholarship America and others. Applications are open until December 17.

Equitable Holdings, Inc. (NYSE: EQH) has announced a multi-year partnership with Purposity, committing over $1 million through the Equitable Foundation. The initiative aims to enhance educational resources in Charlotte, N.C., focusing on supporting K-12 educators and students. This partnership, which has equipped over seventy social workers in the Charlotte Mecklenburg Schools, highlights a strong commitment towards fostering financial well-being through educational access. The collaboration also includes support for various local nonprofit organizations.

Equitable Holdings, Inc. (NYSE: EQH) announced that CEO Mark Pearson will participate in a fireside chat at the Barclays Global Financial Services Conference on September 15, 2021, at 10:30 a.m. ET. The live audio webcast will be available on the Equitable Holdings Investor Relations website, and a replay will be accessible shortly after the event. Equitable Holdings is a financial services company with two main franchises: Equitable and AllianceBernstein, managing approximately $869 billion in assets and serving over 5 million clients worldwide.