Microvast Holdings announces departure of chief financial officer
NEW YORK - Equitable Holdings, Inc. (NYSE: EQH), a prominent financial services holding company with a market capitalization of $15.8 billion, has announced dividends on its common and preferred stock. The Board of Directors declared a quarterly cash dividend of $0.27 per share of common stock payable on June 9, 2025, to shareholders of record at the close of business on June 2, 2025. According to InvestingPro data, the company appears undervalued based on its Fair Value analysis, with strong financial health metrics and a P/E ratio of 13.7x.
The company has maintained a strong dividend policy, with InvestingPro data showing seven consecutive years of dividend increases. The current dividend yield stands at 1.79%, with a notable 9.09% dividend growth in the last twelve months. Additionally, the company has set dividends for its preferred stock. Shareholders of Series A 5.25% Non-Cumulative Perpetual Preferred Stock will receive a quarterly dividend of $328.125 per share, represented by depositary shares (NYSE: EQH PR A), each equivalent to a 1/1,000th interest in a share of preferred stock. Consequently, holders will receive $0.328125 per depositary share, payable on June 16, 2025, to those on record as of June 4, 2025.
Holders of Series B 4.95% Non-Cumulative Perpetual Preferred Stock, represented by depositary shares, each representing a 1/25th interest in a share of preferred stock, will receive a semi-annual dividend of $618.750 per share. This translates to $24.75 per depositary share, also payable on June 16, 2025, to shareholders of record as of June 4, 2025.
Furthermore, the quarterly dividend for Series C 4.30% Non-Cumulative Perpetual Preferred Stock is set at $268.750 per share, with each depositary share (NYSE: EQH PR C) representing a 1/1,000th interest in a share of preferred stock. Shareholders will receive $0.26875 per depositary share, with the dividend payable on June 16, 2025, to holders of record as of June 4, 2025. Get access to more detailed dividend analysis and 8+ additional ProTips for Equitable Holdings with an InvestingPro subscription.
Equitable Holdings oversees a suite of well-established businesses, including Equitable, AllianceBernstein, and Equitable Advisors. With $1 trillion in assets under management and administration as of March 31, 2025, and a history dating back to 1859, the company serves more than 5 million client relationships globally. The company has demonstrated strong financial performance, with revenue growth of 45.39% in the last twelve months and a healthy current ratio of 1.9x. It offers a range of financial services, from retirement and protection strategies to diversified investment management and wealth planning. Discover comprehensive analysis and valuation metrics in the Pro Research Report, available exclusively on InvestingPro.
This dividend declaration is based on a press release statement from Equitable Holdings, Inc.
In other recent news, Equitable Holdings announced its first-quarter 2025 earnings, which showed a mixed financial performance. The company reported an adjusted earnings per share (EPS) of $1.35, falling short of the forecasted $1.60, but exceeded revenue expectations with $4.58 billion compared to the anticipated $3.93 billion. Despite the earnings miss, Equitable Holdings noted strong sales in its Registered Index-Linked Annuity (RILA) products and increased its stake in AllianceBernstein to 69%. Analysts from firms such as Jefferies and KBW have been closely monitoring the company’s financial strategies and market positioning. Additionally, the company returned $335 million to shareholders, reflecting an 80% payout ratio. Equitable Holdings is also on track to close a significant reinsurance transaction with RGA, expected to free up over $2 billion in capital. This transaction aligns with the company’s focus on enhancing its core growth areas in retirement, asset management, and wealth management. As these developments unfold, Equitable Holdings continues to navigate market volatility with strategic capital deployment and product innovation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.