Prudential has for the first time reduced dividends
American insurance company Prudential Financial Inc. has for the first time lowered dividends against the loss in the third quarter.
The company will start to pay dividends at the rate of 58 cents per share since December, 19th.
Last year the company has paid dividends at the rate of 1,15 dollars per share. Earlier the company increased dividends every year, since primary placing of shares in 2001.
Decrease in dividends is caused by depreciation of company’s actives that has negatively affected the capital.
Last month the company has stopped the repayment of own securities and has fixed the pure loss in the third quarter at the rate of 166 million dollars.
Analysts from Goldman Sachs Group Inc prove that within the following of 12-18 months the situation with actives for the US companies, which are engaged in life insurance, will continue to get worse.