Jackson Announces Increase to First Quarter 2025 Common Stock Dividend

Rhea-AI Summary

Jackson Financial (NYSE: JXN) has announced a 14% increase in its quarterly common stock dividend to $0.80 per share for the first quarter of 2025, marking its fourth consecutive dividend increase since becoming an independent company. The dividend will be paid on March 20, 2025, to shareholders of record as of March 11, 2025.

Additionally, the company declared a cash dividend of $0.50 per depositary share for its Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A (NYSE: JXN PR A), payable on March 31, 2025, to shareholders of record as of March 11, 2025.

Positive

• 14% increase in quarterly dividend to $0.80 per share
• Fourth consecutive dividend increase since independence
• Maintained preferred stock dividend payments

Negative

• None.

Insights

Financial Analyst

The 14% increase in Jackson Financial's quarterly dividend to $0.80 per share represents a significant milestone in the company's capital return strategy. This fourth consecutive increase since gaining independence demonstrates exceptional financial strength and management's confidence in sustainable cash flow generation. The dividend growth trajectory is particularly noteworthy in the current market environment where many financial institutions are maintaining conservative capital positions.

The consistent pattern of dividend increases carries deeper implications for Jackson's financial health. Four consecutive raises since independence suggests the company has successfully optimized its capital structure and established a sustainable payout ratio that balances shareholder returns with operational needs. The 14% increase significantly outpaces inflation, indicating robust underlying business performance rather than mere inflation adjustment.

The parallel announcement of the $0.50 preferred stock dividend adds another layer to Jackson's capital strategy, offering a diversified approach to investor returns. The preferred shares provide a more stable, though lower-yield option, attracting income-focused investors while the common dividend growth appeals to total return seekers. This dual-track approach reflects sophisticated capital management and strong market positioning in the insurance and financial services sector.

LANSING, Mich.--(BUSINESS WIRE)-- Jackson Financial Inc.¹ (Jackson^®) announced its Board of Directors has declared a cash dividend of $0.80 per share of common stock (NYSE: JXN) for the first quarter of 2025, reflecting a 14% increase over the first quarter 2024 dividend level. This is the fourth consecutive increase to the dividend since becoming an independent company. The dividend on the common stock will be payable on March 20, 2025, to shareholders of record at the close of business on March 11, 2025.

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 March 31, 2025, to shareholders of record at the close of business on March 11, 2025.

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.

*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. We may use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations. Accordingly, investors should monitor our investor relations website, in addition to following our press releases, filings with the SEC, public conference calls, presentations, and webcasts. 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, or our or our executives' social media channels, is not incorporated by reference into and is not part of this press release.

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,” “predict,” “remain,” “future,” “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/20250219511908/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 new dividend amount for Q1 2025?

Jackson Financial's new dividend amount for Q1 2025 is $0.80 per share of common stock.

When will JXN pay its Q1 2025 dividend?

JXN will pay its Q1 2025 dividend on March 20, 2025, to shareholders of record as of March 11, 2025.

How much did JXN increase its dividend compared to Q1 2024?

JXN increased its dividend by 14% compared to the first quarter 2024 dividend level.

What is the dividend amount for JXN's preferred stock (JXN PR A)?

The preferred stock dividend (JXN PR A) is $0.50 per depositary share, payable on March 31, 2025.

How many consecutive dividend increases has JXN implemented?

JXN has implemented four consecutive dividend increases since becoming an independent company.