SmarterDividends
PFG

Principal Financial Group, Inc.

PFG

Financial Services · Asset Management · Stock · quarterly payer

$108.81

Fairly valued · +6% Add to Portfolio

Forward Yield

3.09%

Annual Dividend

$3.36

Payout Ratio

45%

5-Yr Growth

6.6%

Ex-Date

Sep 3, 2026

Frequency

Quarterly

Key facts about PFG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Principal Financial Group, Inc. (PFG) has a forward dividend yield of 3.09%, based on an annual dividend of $3.36 per share and a share price of $108.81.
  • As of Oct 18, 2026, PFG's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Principal Financial Group, Inc. (PFG) has raised its dividend for 13 consecutive years as of Oct 18, 2026.
  • PFG has never cut its regular dividend in the payment history SmarterDividends has on record.
  • PFG's most recent ex-dividend date was Sep 3, 2026, for a dividend of $0.84 per share.
  • As of Oct 18, 2026, PFG pays out 45% of its trailing 12-month earnings as dividends (its payout ratio).
  • PFG's dividend has grown at an average rate of 6.6% a year over the past five years.
  • As of Oct 18, 2026, PFG's 3.09% yield is 14% below its five-year average yield of 3.58%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PFG is $115.83 per share, 6% above the $108.81 share price, so PFG screens as fairly valued.
  • Principal Financial Group, Inc. (PFG) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "PFG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PFG

Summary

As of Oct 18, 2026, Principal Financial Group, Inc. (PFG) yields 3.09% ($3.36 a year per share), has a dividend safety grade of A (88/100) and has 13 consecutive years of dividend increases on record.

Is PFG a good dividend stock?

Yes

Principal Financial Group, Inc. (PFG) pays a quarterly dividend yielding 3.09% ($3.36/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
  • Comfortable payout ratio (45%)
  • Strong 6.6% 5-yr dividend growth
  • 59% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
3.09%
Payout Ratio
45%
Annual Dividend
$3.36
5-Yr Avg Growth
6.6%
Ex-Dividend Date
Sep 3, 2026
Years of Growth
13
Frequency
quarterly
Beta
0.87
Market Cap
$23.3B
P/E Ratio
15.5
5-Yr Total Return
59%
52-Week Range
$78.49 – $121.18
Dividend Safety
A · 88/100
Ever Cut?
No

PFG dividend changes

Principal Financial Group, Inc. (PFG) pays a variable dividend: across the 69 payments on record since 2002, 44 were higher than the one before and 2 lower. The latest change was up 2.4% to $0.840 per share, going ex-dividend on Sep 3, 2026.

Ex-dateChangeOld → newMove
Sep 3, 2026Higher$0.820 → $0.840+2.4%
Jun 1, 2026Higher$0.800 → $0.820+2.5%
Mar 11, 2026Higher$0.790 → $0.800+1.3%
Dec 3, 2025Higher$0.780 → $0.790+1.3%
Sep 4, 2025Higher$0.760 → $0.780+2.6%
Jun 2, 2025Higher$0.750 → $0.760+1.3%
Mar 12, 2025Higher$0.730 → $0.750+2.7%
Dec 2, 2024Higher$0.720 → $0.730+1.4%
Sep 5, 2024Higher$0.710 → $0.720+1.4%
Jun 3, 2024Higher$0.690 → $0.710+2.9%
Mar 11, 2024Higher$0.670 → $0.690+3.0%
Nov 30, 2023Higher$0.650 → $0.670+3.1%
Every PFG payment →Download every raise and cut (CSV)
PFG ex-dividend date & scheduleNext ex-date Sep 3, 2026 · full ex-dividend historyView →PFG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PFG a good dividend stock?

Yes. Principal Financial Group, Inc. (PFG) pays a quarterly dividend yielding 3.09% ($3.36/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.

Is PFG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PFG's fair value is about $115.83 versus a $108.81 share price — so it looks fairly valued (+6% vs. fair value).

Is PFG's dividend safe?

PFG has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 13-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is PFG's fair value?

Our blended fair-value estimate for PFG is about $115.83 per share, roughly 6% above the current $108.81 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PFG a buy, hold, or sell?

We don't issue formal ratings, but on the data PFG screens as "yes" and fairly valued. Principal Financial Group, Inc. (PFG) pays a quarterly dividend yielding 3.09% ($3.36/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. This is research for your own analysis, not investment advice.

Will PFG cut its dividend?

PFG earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PFG pay a dividend?

Yes. Principal Financial Group, Inc. pays a quarterly dividend of about $3.36 per share annually, a forward yield of roughly 3.09%.

What is PFG's dividend yield?

As of Oct 18, 2026, PFG's forward dividend yield is 3.09%, based on a $3.36 annual dividend and a $108.81 share price.

What is PFG's dividend per share?

As of Oct 18, 2026, PFG pays $3.36 per share per year, distributed on a quarterly basis.

What is PFG's dividend payout ratio?

As of Oct 18, 2026, PFG's payout ratio is 45% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has PFG grown its dividend?

As of Oct 18, 2026, PFG has increased its dividend for 13 consecutive years.

When is the next PFG ex-dividend date?

As of Oct 18, 2026, PFG's next ex-dividend date hasn't been announced. The most recent was Sep 3, 2026, for $0.84 per share.

PFG Dividend News

PFG
IncreasePFG·Sep 4, 2026

Principal Financial Raises Quarterly Dividend 2.4% to $0.84

Principal Financial raised its quarterly dividend 2.4% to $0.84, extending a 13-year growth streak with a 45% payout ratio and a 2.95% forward yield.

PFG
IncreasePFG·Jun 10, 2026

Principal Financial Raises Quarterly Dividend 2.5% to $0.82

Principal Financial lifted its quarterly dividend to $0.82, backed by a 45% earnings payout ratio, a 13-year growth streak and an A safety grade.

Income Calculator

At $3.36 / yr per share

Per payment (quarterly)$84.00
Annual$336.00
Monthly avg$28.00

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