0551 GMT - Prudential PLC's more-than 10% dividend-per-share growth guidance for the next three years doesn't rule out consensus expectations but might initially underwhelm investors, Morgan Stanley says after the insurer's first-half results slightly beat consensus. The dividend guidance is essentially an extension of the current status quo, analysts Hadley Cohen and Daniel Wilson-Omordia write in a research note. Growth could ramp up further into the teens and fall more in line with consensus, they add. The highlight of the print is the new capital management update, with a recurring buyback of $500 million and $600 million in 2026 and 2027, analysts note, adding that this is in line with expectations. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
August 27, 2025 01:51 ET (05:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.