Prudential dividend: payment and cash cover
Prudential paid 24.04 cents per share in dividends in 2025, alongside 48.30 cents of buybacks. Group operating generation was $1,154 million after new-business investment and central costs, while earnings retained after dividends and buybacks were $828 million.
How much does Prudential pay per share?
Insurance revenue grew 7.0% in 2025 and the underwriting result rose, but operating return on equity stayed at 14.0% for three years. Diluted EPS was 153.50 cents in 2025, or about 104.31 cents without the transaction gain. Average diluted shares fell 4.7%; buybacks were 48.30 cents alongside 24.04 cents of dividends.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| − Dividends, per share | 24.04 | 21.14 | 19.40 | 17.32 | 16.02 |
| − Share buybacks, per share | 48.30 | 31.62 | 0.00 | 0.00 | 0.00 |
| = Kept, per share | 81.13 | 31.25 | 42.52 |
What this means. In 2022, the company paid out more per share than it earned because it made a loss, so the table shows 54.13 cents paid out more.
Does Prudential's cash cover its dividend?
That gross amount still funded growth and central costs. Prudential invested $383 million in new business and made further deductions for other expenditure and restructuring, leaving group operating generation at $1,154 million. Capability spending included $145 million on customers, distribution, health and technology. Rising expected releases alongside continued new-business investment is encouraging, although a specialist still asks whether capital is emerging from durable growth or temporary favourable experience.
Kept to grow and build capital — Without the $1,275 million after-tax transaction gain, mainly the Indian asset-manager sale, earnings retained after dividends and buybacks were $828 million.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Net income | 3,978 | 2,285 | 1,701 | -1,007 | |
| − Dividends paid on ordinary shares | 623 | 575 | 533 | 474 | 421 |
| − Share buybacks | 1,252 | 860 | 0 | 0 | 0 |
| = Kept to grow and build capital | 2,103 | 850 | 1,168 | ||
| = Paid out more than it earned | 1,481 |
What this means. In 2022, the company paid shareholders 1,481 million US dollars more than it earned because it reported a loss but still paid dividends.
What could change Prudential's dividend?
Prudential could reach a weighted 1,336.33 GBp by October 2029, a 56% total return, if policy growth converts into capital generation despite China-related risks. Management targets 15%–20% annual compound growth in new business profit from 2022 to 2027. It also targets US$4.4 billion of operating free surplus generation from in-force business in 2027. For 2026, it targets 10% growth in new business profit, in-force operating free surplus generation and adjusted operating EPS, plus 10% annual dividend growth in 2026 and 2027.
What is Prudential's dividend yield today?
| Today (Oct 15, 2026) | |
|---|---|
| Share price | 899.4 |
| Market value (calculated) | 22,243.94 |
| P/E, last 12 months (calculated) | 8.4x |
| Dividend yield (calculated) | 2.2% |
What this means. The price-to-earnings measure based on core earnings uses the insurer’s own adjusted view of ongoing profit, so it can differ from the ordinary measure.