Principal Financial Group Dividend Insights and Recent News: Key Updates Before the Ex-Dividend Date on Jun 2, 2025

Principal Financial Group (PFG) has announced its upcoming dividend distribution. The ex-dividend date is Jun 2, 2025, with the declaration made on Apr 23, 2025. The dividend payment is set at $0.760 per share, scheduled for Jun 27, 2025. This amount surpasses the company's recent average dividend of $0.611 per share, indicating a positive trend. The previous dividend was distributed on Mar 28, 2025, with a payout of $0.750 per share. Both dividends are categorized as cash distributions.

In recent developments, several important events have unfolded for PFG. Over the past week, Principal Financial Group announced the appointment of Joel Pitz as the new Executive Vice President and Chief Financial Officer. This strategic move is expected to strengthen the company's leadership team and enhance its financial management. Additionally, Deriva Energy, a subsidiary of Principal Financial Group, successfully completed financing for two established projects, which is anticipated to bolster the company's growth prospects and market position.

Analysts have recently issued reports discussing the stock's performance, with UBS Group adjusting their target price for Principal Financial Group from $93.00 to $80.00, assigning a "neutral" rating. This reflects a shift in market sentiment and a reassessment of the company's valuation. As of late, PFG shares have gained 1.9% year-to-date, outperforming the industry growth of 1.7%. This positive performance trend underscores the company’s resilience in the current market environment.

In conclusion, Principal Financial Group is demonstrating promising dividend growth and strategic advancements. Investors should be aware that the ex-dividend date is Jun 2, 2025, which is the last opportunity to purchase shares and be eligible for the upcoming dividend. Any acquisitions made after this date will not qualify for the current dividend payout.