■ Increase · July 28, 2026
Principal Financial Group Raises Quarterly Dividend to $0.84
Principal Financial Group increased its quarterly dividend by 2.4% to $0.84 per share, payable September 25, 2026. The annualized dividend is $3.36, yielding approximately 3.0%.
Dividend Increase Details
Principal Financial Group (PFG) announced a quarterly dividend of $0.84 per share, a 2.4% increase from the prior $0.82. The dividend is payable on September 25, 2026, to shareholders of record as of September 3, 2026. The ex-dividend date is also September 3. This marks the second consecutive year of dividend increases for the company, with a three-year average annual growth rate of 0.1%.
Coverage and Earnings
The dividend appears well covered by earnings. The current payout ratio is 36.4%, and analysts project next year's earnings per share (EPS) of $10.34, implying a future payout ratio of 31.7%. The company reported quarterly EPS of $2.50 for the quarter ended July 27, 2026, surpassing the consensus estimate of $2.33 and up from $2.16 in the same quarter last year. Principal Financial Group has a net margin of 10.10% and a return on equity of 16.25%.
Stock Performance
Following the announcement, PFG shares opened at $111.29 on July 28, 2026, up 1.7%. The stock's 52-week range is $75.00 to $114.90, with a 50-day simple moving average of $108.31 and a 200-day simple moving average of $98.57. The company has a market capitalization of $24.04 billion, a price-to-earnings ratio of 15.92, and a beta of 0.88. Its debt-to-equity ratio stands at 0.33.
Dividend History
Principal Financial Group has raised its dividend annually for the past two years. For a complete record of past payments, see the company's dividend history.
What it means for income investors
The 2.4% dividend increase, while modest, reflects steady earnings growth and a conservative payout ratio. With a yield near 3.0% and solid earnings coverage, the dividend appears sustainable. However, the low historical growth rate suggests limited near-term upside for income-focused holders.
Reporting based on: MarketBeat. Figures verified against market data where available.