10 Dividend Stocks Grow Firmer Despite Mixed Market Sentiment

7. Jackson Financial Inc. (NYSE:JXN)

Dividend yield: 3.77%

Dividend payout ratio: 23.85%

Ex-Dividend Date: March 11, 2025

Number of Hedge Funds: 34

Jackson Financial Inc. (NYSE:JXN) witnessed a 4.2% appreciation in its stock price over three days. The value climbed from $83.62 to $87.13 between February 24 and February 26.

The U.S.-based financial services company updated its target for 2025 to $700 million-$800 million capital return from $631 million in 2024. The target is backed by strong annuity sales growth. Insights from the Q4 earnings call indicated that the net income exceeded $900 million, contributing mainly to the 39% increase in retail Annuity sales to $18 billion at the end of 2024. The 39% increase is owing to the ongoing “silver tsunami” of baby boomers showing significant interest in variable annuities. Jackson Financial Inc. (NYSE:JXN) returned $631 million to common shareholders and announced a 14% dividend increase to $0.80 per share, leading to the recent rise in the company’s value.

Jackson Financial Inc. (NYSE:JXN) provides a dividend yield of 3.77%, backed by a dividend payout ratio of 23.85%. The payout ratio indicates a sustainable approach to shareholder returns, where the company uses one-fourth of its earnings to cover its dividend payments, retaining the excess for reinvestment and debt coverage. Institutional interest remains strong, with 34 hedge funds listed in Insider Monkey holding positions in the company, as of Q4 2024. Investors seeking dividend eligibility for the March 20, 2025, payout must purchase the shares of Jackson Financial Inc. before the ex-dividend date on March 11, 2025.