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Equitable Holdings, Inc. (EQH) is a prominent financial services company headquartered at 1930 W Van Buren St, Phoenix, Arizona, United States.
The company specializes in offering a diverse range of financial products and services designed to meet the varying needs of individuals, families, and small businesses. Equitable Holdings operates through several key business segments:
- Individual Retirement: This segment focuses on providing variable annuities, helping clients secure a stable financial future with tax-deferred investment options.
- Group Retirement: Equitable's Group Retirement division offers comprehensive retirement plans, allowing employees to invest in a secure retirement through tax-deferred contributions.
- Investment Management and Research: This segment provides diversified investment management, extensive research, and related services, offering strategic financial insights and opportunities.
- Protection Solutions: Specializing in life insurance products, this division ensures that individuals and families are protected against unexpected financial difficulties.
- Wealth Management: Equitable offers expert wealth management services, helping clients grow and preserve their wealth through personalized strategies.
- Legacy: This segment focuses on preserving and transmitting wealth across generations, ensuring long-term financial stability for clients' heirs.
Equitable Holdings is committed to providing reliable and expert financial guidance. The company's latest achievements and projects reflect its dedication to innovation and excellence in the financial services industry. With a robust financial condition and strategic partnerships, Equitable Holdings continues to deliver value to its clients and stakeholders.
Stay updated with the latest news and developments from Equitable Holdings to make informed decisions about your investments and financial plans.
Equitable Holdings (NYSE: EQH) has appointed Peter Tian as Group Treasurer, effective June 3, 2024. Reporting to CFO Robin M. Raju, Tian will join the Operating Committee. His responsibilities include managing banking relationships, capital and liquidity management, and overseeing hedging programs and third-party debt. Tian succeeds Julia Zhang, now Chief Risk Officer. Erik Bass, Head of Investor Relations, will handle ratings agency relationships. Tian, who joined Equitable in 2019, brings over a decade of industry experience, previously leading product and in-force management for Individual Retirement. He holds a degree in Biomedical Engineering from Yale University.
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.
Equitable Holdings, Inc. reported strong Q1'24 results with Non-GAAP operating earnings up 49% to $1.43 per share. Net inflows of $1.5 billion and positive Asset Management active net inflows of $3.7 billion. Shareholders received $326 million, meeting the 60-70% payout ratio target. Equitable is well-positioned for growth in Retirement, Asset Management, and Wealth Management businesses.
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