Jackson Financial Inc. (JXN) to Issue Quarterly Dividend of $0.90 on June 25th

by · The Markets Daily

Jackson Financial Inc. (NYSE:JXN – Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.90 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, June 11th.

Jackson Financial has a dividend payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings.

Jackson Financial Stock Down 0.5%

JXN stock opened at $107.33 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.49. Jackson Financial has a fifty-two week low of $80.25 and a fifty-two week high of $123.61. The firm’s 50-day simple moving average is $107.96 and its 200 day simple moving average is $108.52. The stock has a market cap of $7.49 billion, a PE ratio of -17.57 and a beta of 1.32.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Barclays dropped their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Wall Street Zen cut shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings cut shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $115.80.

Check Out Our Latest Analysis on Jackson Financial

Jackson Financial Company Profile

(Get Free Report)

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.

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