Principal Financial Raises Dividend, Extends 13-Year Growth Run

Principal Financial Group, Inc. (NASDAQ: PFG) increased its quarterly dividend to $0.84 per share from $0.82, a 2.44% rise. The financial-services company’s shares traded ex-dividend on September 3, 2026.

The increase extends Principal Financial’s record of consecutive annual dividend growth to 13 years. The company’s investor-relations dividend history also shows an established pattern of quarterly distributions. Principal Financial dividend history

Earnings and capital provide context

The higher payout followed a solid second quarter for the Des Moines, Iowa-based provider of retirement, asset-management and insurance products. Principal reported non-GAAP operating earnings of $547 million, up 12% from the prior-year quarter, while non-GAAP operating earnings per diluted share increased 16% to $2.50.

Principal also finished the quarter with $808 billion of assets under management and $1.6 billion of excess and available capital. Chair, President and CEO Deanna Strable attributed the quarter’s performance to progress in retirement, the small and midsized business market, and the company’s global asset-management platform. She said that execution supported earnings growth, return-on-equity expansion and disciplined capital returns. Principal Financial second-quarter results

Management presented the dividend increase as part of its broader capital-deployment approach. On the company’s second-quarter earnings call, executives also pointed to healthy business fundamentals, expense discipline and improved underwriting results in Benefits and Protection as factors supporting recent performance. Principal Financial second-quarter earnings-call transcript

What it means for income investors

At the reference share price of $118.51, PFG carries a forward annual yield of 2.7424%. Its annual dividend per share is $3.19. The new quarterly rate increases the cash received per share relative to the previous distribution, while the 13-year growth record provides historical evidence of regular increases.

SmarterDividends assigns Principal Financial a dividend-safety score of 87 out of 100 and an A grade. Those measures indicate a comparatively strong safety profile, though future dividends remain subject to board approval and the company’s earnings, capital position and regulatory requirements. Investors who bought shares on or after the September 3 ex-dividend date are not entitled to the associated quarterly distribution.