공시 • Jul 03
Prudential Financial, Inc.'s PGIM Launches Four S&P 500 Quarterly Buffer Exchange-Traded Funds PGIM, the $1.4 trillion1 global investment management business of Prudential Financial, Inc. had launched four S&P 500 quarterly buffer exchange-traded funds (ETFs) named the PGIM S&P 500 Quarterly Buffer 5 ETF (PQV), PGIM S&P 500 Quarterly Buffer 10 ETF (PQX), PGIM S&P 500 Quarterly Buffer 15 ETF (PQXV) and PGIM S&P 500 Quarterly Buffer 20 ETF (PQXX). The ETFs are listed on the Cboe BZX Exchange, Inc. and are competitively priced at a 0.50% net expense ratio, placing them among the lowest-cost buffer ETFs in the marketplace. The ETFs represent a significant evolution of PGIM’s buffer ETF lineup by introducing a quarterly target outcome period (an approximate three-month cycle) in contrast to the one-year target outcome periods offered by PGIM’s existing buffer ETF series. The ETFs seek to provide investors with returns that match the price return of the State Street SPDR S&P 500 ETF Trust (SPY) up to a predetermined upside cap while providing a downside buffer against the first 5%, 10%, 15% or 20%, as applicable, of SPY’s losses over an approximate three-month target outcome period. On the first day of each new quarterly target outcome period the ETFs reset by investing in index option contracts known as FLexible EXchange Options (FLEX Options) on SPY that are designed to provide a new cap for the new target outcome period. With the addition of PQV, PQX, PQXV and PQXX, PGIM now offers one of the broadest buffer ETF suites in the industry, spanning nearly 50 solutions across multiple indices, buffer levels, outcome periods and single-ticker laddered solutions. Since January 2024, PGIM has launched PGIM S&P 500 Buffer 12 ETF series and PGIM S&P 500 Buffer 20 ETF series – 24 ETFs seeking to provide investors with returns that match the price return of SPY up to a predetermined upside cap while providing a downside buffer against the first 12% and 20%, as applicable, of SPY’s losses over a one-year target outcome period. PGIM Laddered S&P 500 Buffer 12 ETF (BUFP) and PGIM Laddered S&P 500 Buffer 20 ETF (PBFR) – single-ticker laddered funds of buffer ETFs that seek to provide investors with capital appreciation. Under normal market conditions, BUFP invests substantially all of its assets in each of the 12 PGIM S&P 500 Buffer 12 ETFs, generally in equal weights, while PBFR invests substantially all of its assets in each of the 12 PGIM S&P 500 Buffer 20 ETFs, generally in equal weights, with each ETF intending to generally rebalance its portfolio to an equal weight on a quarterly basis. PGIM S&P 500 Max Buffer ETF series – 12 ETFs that seek to provide investors with returns that match the price return of SPY up to a predetermined upside cap while seeking to maximize the downside protection against SPY’s losses over each ETF’s one-year target outcome period. PGIM Nasdaq-100 Buffer 12 ETF series – Four ETFs seeking to provide investors with returns that match the price return of the Invesco QQQ TrustSM, Series 1 (QQQ) up to a predetermined upside cap, while providing a downside buffer against the first 12% of QQQ’s losses over each ETF’s one-year target outcome period. PGIM Laddered Nasdaq-100 Buffer 12 ETF (PBQQ) – single-ticker laddered Nasdaq solution that seeks to provide investors with capital appreciation and under normal market conditions invests substantially all of its assets in each of the quarterly PGIM Nasdaq-100 Buffer 12 ETFs, generally in equal weights. The ETF intends to generally rebalance its portfolio to equal weight on a quarterly basis. The ETFs are sub advised by PGIM’s Quantitative Solutions investment group, the $105,000 million quantitative equity and multi-asset specialist of PGIM. 공시 • Jun 03
Prudential Financial, Inc. Launches Elevate Suite of Retirement Products for Independent Marketing Organization Channel Prudential Financial, Inc. announced the launch of Elevate, a suite of retirement products designed for the independent marketing organization (IMO) channel. The IMO channel represents a growing segment of the individual retirement marketplace. Prudential’s new Elevate Accumulator Fixed Indexed Annuity and Elevate Income Fixed Indexed Annuity broaden the company’s addressable market opportunity by strengthening engagement with financial professionals who utilize IMO distribution to serve retirement investors. Building on the success of existing Prudential fixed indexed annuities, the new Elevate suite has been adapted to reflect how IMO partners do business. The launch expands Prudential’s reach in the individual retirement market and opens up new relationships with financial professionals who play a critical role in delivering protected accumulation and lifetime income decumulation solutions. Annuities are issued by Pruco Life Insurance Company, Newark, NJ (main office). Pruco Life Insurance Company is a Prudential Financial company and is solely responsible for its own financial condition and contractual obligations. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Maryann Mannen was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 20
First quarter dividend of US$1.40 announced Shareholders will receive a dividend of US$1.40. Ex-date: 26th May 2026 Payment date: 11th June 2026 Dividend yield will be 5.7%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 9.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • May 20
Upcoming dividend of US$1.40 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 11 June 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.5%). 공시 • May 14
Prudential Financial, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 11, 2026 Prudential Financial, Inc. announced the declaration of a quarterly dividend of $1.40 per share of Common Stock, payable on June 11, 2026, to shareholders of record at the close of business on May 26, 2026. 
