DES MOINES, Iowa--(BUSINESS WIRE)--Feb. 23, 2009--
Principal Financial Group, Inc.(NYSE:PFG) announced today that its
Board of Directors has declared a cash dividend of $1.39075 per share on
its 5.563% Series A non-cumulative perpetual preferred stock and a cash
dividend of $0.407375 per share on its 6.518% Series B non-cumulative
perpetual preferred stock. The preferred dividends are payable on March
30, 2009, to preferred stockholders of record as of March 12, 2009.
Forward looking and cautionary statements
This press release may contain forward-looking statements, including,
without limitation, statements as to sales targets, sales and earnings
trends, and management's beliefs, expectations, goals and opinions. The
company does not undertake to update these statements, which are based
on a number of assumptions concerning future conditions that may
ultimately prove to be inaccurate. Future events and their effects on
the company may not be those anticipated, and actual results may differ
materially from the results anticipated in these forward-looking
statements. The risks, uncertainties and factors that could cause or
contribute to such material differences are discussed in the company's
annual report on Form 10-K for the year ended December 31, 2008, filed
by the company with the Securities and Exchange Commission. These risks
and uncertainties include, without limitation: competitive factors;
volatility of financial markets; decrease in ratings; interest rate
changes; inability to attract and retain sales representatives;
international business risks; foreign currency exchange rate
fluctuations; a pandemic, terrorist attack or other catastrophic event;
default of the company’s re-insurers; and investment portfolio risks.
About the Principal Financial Group
The Principal Financial Group® (The Principal®)1
is a leader in offering businesses, individuals and institutional
clients a wide range of financial products and services, including
retirement and investment services, life and health insurance, and
banking through its diverse family of financial services companies. A
member of the Fortune 500, the Principal Financial Group has $247.0
billion in assets under management2 and serves some 19.1
million customers worldwide from offices in Asia, Australia, Europe,
Latin America and the United States. Principal Financial Group, Inc. is
traded on the New York Stock Exchange under the ticker symbol PFG. For
more information, visit www.principal.com.
1 "The Principal Financial Group" and “The Principal” are
registered service marks of Principal Financial Services, Inc., a member
of the Principal Financial Group.
2 As of December 31, 2008
Source: Principal Financial Group, Inc.
Principal Financial Group, Inc.