Business Wire | Nov 9, 2021 04:19PM EST

Prudential Financial Announces Quarterly Dividend and 2022 Share Repurchase Authorization

Nov. 09, 2021

NEWARK, N.J.--(BUSINESS WIRE)--Nov. 09, 2021--Prudential Financial, Inc. (NYSE: PRU) announced today the declaration of a quarterly dividend of $1.15 per share of Common Stock, payable on December 16, 2021, to shareholders of record at the close of business on November 23, 2021.

Additionally, Prudential's Board of Directors has authorized the repurchase of up to $1.5 billion of its outstanding Common Stock during the period from January 1, 2022 through December 31, 2022.

The timing and amount of any share repurchases under the Company's share repurchase authorization will be determined by management based on market conditions and other considerations, and such repurchases may be executed in the open market, through derivative, accelerated repurchase and other negotiated transactions and through plans designed to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with more than $1.5 trillion in assets under management as of September 30, 2021, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better by creating financial opportunity for more people. Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.

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CONTACT: Julie Laskin 973-802-3975 julie.laskin@prudential.com