Principal Financial Group, Inc.
PFGFinancial Services · Stock · quarterly payer
Forward Yield
2.74%
Annual Dividend
$3.19
Payout Ratio
—
5-Yr Growth
6.6%
Ex-Date
—
Frequency
Quarterly
Summary
As of September 2026, Principal Financial Group, Inc. (PFG) yields 2.74% ($3.19 per share annually), with a blended fair-value estimate of $114.30 — +3% upside, so it screens as fairly valued. Dividend safety grade: A (87/100). 13 years of dividend growth.
Is PFG a good dividend stock?
YesPrincipal Financial Group, Inc. (PFG) pays a quarterly dividend yielding 2.74% ($3.19/yr), with 13 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 13 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 6.6% 5-yr dividend growth
- 73% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.74%
- Payout Ratio
- —
- Annual Dividend
- $3.19
- 5-Yr Avg Growth
- 6.6%
- Ex-Dividend Date
- —
- Years of Growth
- 13
- Frequency
- quarterly
- Beta
- 0.88
- Market Cap
- $25.4B
- P/E Ratio
- 16.9
- 5-Yr Total Return
- 73%
- 52-Week Range
- $77.90 – $116.61
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
Frequently Asked Questions
PFG Price — Last 12 Months
Daily close
Price Return
1 Year
+34%
3 Years
+55%
5 Years
+73%
52-Week Range
$77.90 – $116.61
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PFG worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Principal Financial Group, Inc. is $114.30 per share, versus a market price of $111.41. That implies the stock is roughly fairly priced.
Fair Value
$114.30
Current Price
$111.41
Gap
+3%
Margin of Safety
3%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 8.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.7% discount rate (CAPM), 8.6% stage-1 growth, 2.5% terminal growth, $6.97 EPS, $3.36 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PFG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 3, 2026 | — | $0.8400 | regular |
| Jun 1, 2026 | — | $0.8200 | regular |
| Mar 11, 2026 | — | $0.8000 | regular |
| Dec 3, 2025 | — | $0.7900 | regular |
| Sep 4, 2025 | — | $0.7800 | regular |
| Jun 2, 2025 | — | $0.7600 | regular |
| Mar 12, 2025 | — | $0.7500 | regular |
| Dec 2, 2024 | — | $0.7300 | regular |
| Sep 5, 2024 | — | $0.7200 | regular |
| Jun 3, 2024 | — | $0.7100 | regular |
| Mar 11, 2024 | — | $0.6900 | regular |
| Nov 30, 2023 | — | $0.6700 | regular |
| Sep 6, 2023 | — | $0.6500 | regular |
| May 31, 2023 | — | $0.6400 | regular |
PFG Dividend News
Principal Financial Raises Dividend, Extends 13-Year Growth Run
Principal Financial Group increased its quarterly dividend to $0.84 per share from $0.82, a 2.44% rise that extends its dividend-growth streak to 13 years.
Principal Financial Raises Quarterly Dividend to $0.82
Principal Financial Group increased its quarterly dividend to $0.82 per share, extending its dividend-growth streak to 13 years.
Income Calculator
At $3.19 / yr per share
