Jackson Announces Fourth Quarter 2024 Common and Preferred Stock Dividends

Rhea-AI Summary

Jackson Financial (NYSE: JXN) has announced its Board of Directors' declaration of dividends for Q4 2024. The company will pay a $0.70 per share cash dividend on common stock, payable December 19, 2024, to shareholders of record as of December 5, 2024. Additionally, a $0.50 per depositary share dividend was declared for its Series A Preferred Stock, payable December 30, 2024, to shareholders of record as of December 5, 2024.

Positive

• Maintained quarterly dividend payment of $0.70 per common share
• Continued preferred stock dividend payment of $0.50 per depositary share

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement demonstrates Jackson Financial's continued commitment to shareholder returns. The $0.70 per share common stock dividend represents a meaningful yield of approximately 4% based on current share prices. The company's ability to maintain this dividend level signals strong cash flow generation and capital management. The preferred stock dividend of $0.50 per depositary share provides additional income stability for preferred shareholders. These dividend payments reflect management's confidence in the company's financial position and operational performance heading into 2024. The consistent dividend policy helps attract income-focused investors and supports the stock's valuation.

LANSING, Mich.--(BUSINESS WIRE)-- Jackson Financial Inc.¹ (Jackson®) announced its Board of Directors has declared a cash dividend of $0.70 per share of common stock (NYSE: JXN) for the fourth quarter of 2024. The dividend on the common stock will be payable on December 19, 2024, to common shareholders of record at the close of business on December 5, 2024.

The Company also announced the declaration of a cash dividend of $0.50 per depositary share (NYSE: JXN PR A), each representing a 1/1,000th interest in a share of Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A. The dividend will be payable on December 30, 2024, to depositary shareholders of record at the close of business on December 5, 2024.

ABOUT JACKSON

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

Visit investors.jackson.com to view information regarding Jackson Financial Inc. We use this website as a primary channel for disclosing key information to our investors, some of which may contain material previously non-public information.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2023. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for 3 consecutive months or more.)

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).

WEBSITE INFORMATION

Visit investors.jackson.com to view information regarding Jackson Financial Inc. We routinely use our investor relations website as a primary channel for disclosing key information to our investors, some of which may contain material and previously non-public information. We and certain of our senior executives may also use social media channels to communicate with our investors and the public about our Company and other matters, and those communications could be deemed to be material information. The information contained on, or that may be accessed through, our website our social media channels, or our executives’ social media channels is not incorporated by reference into and is not part of this document.

FORWARD LOOKING STATEMENTS

The information in this press release contains forward-looking statements about future events and circumstances and their effects upon revenues, expenses and business opportunities. Generally speaking, any statement in this release not based upon historical fact is a forward-looking statement. Forward-looking statements can also be identified by the use of forward-looking or conditional words, such as “could,” “should,” “can,” “continue,” “estimate,” “forecast,” “intend,” “look,” “may,” “will,” “expect,” “believe,” “anticipate,” “plan,” “remain,” “confident” and “commit” or similar expressions. In particular, statements regarding plans, strategies, prospects, targets and expectations regarding the business and industry are forward-looking statements. They reflect expectations, are not guarantees of performance and speak only as of the dates the statements are made. We caution investors that these forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those projected, expressed or implied. Factors that could cause actual results to differ materially from those in the forward-looking statements include those reflected in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 28, 2024, and elsewhere in Jackson Financial Inc.’s reports filed with the SEC. Except as required by law, Jackson Financial Inc. does not undertake to update such forward-looking statements. You should not rely unduly on forward-looking statements.

¹Jackson Financial Inc. is a U.S. holding company and the direct parent of Jackson Holdings LLC (JHLLC). The wholly-owned direct and indirect subsidiaries of JHLLC include Jackson National Life Insurance Company, Brooke Life Insurance Company, PPM America, Inc. and Jackson National Asset Management, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241106561305/en/

Media Contact:

Patrick Rich

patrick.rich@jackson.com

Investor Relations Contact:

Andrew Campbell

andrew.campbell@jackson.com

Source: Jackson Financial Inc.

FAQ

What is Jackson Financial's Q4 2024 dividend amount for common stock?

Jackson Financial (JXN) declared a cash dividend of $0.70 per share of common stock for Q4 2024.

When is Jackson Financial's Q4 2024 dividend payment date?

The Q4 2024 common stock dividend will be paid on December 19, 2024, to shareholders of record as of December 5, 2024.

What is JXN's preferred stock dividend for Q4 2024?

Jackson Financial declared a preferred stock dividend of $0.50 per depositary share, payable on December 30, 2024.

What is the record date for JXN's Q4 2024 dividends?

The record date for both common and preferred stock dividends is December 5, 2024.