Prudential Financial

Prudential Financial is a major American insurer and asset manager, offering life insurance, annuities, retirement products and investment management through its PGIM arm. With a large international footprint, notably in Japan, it earns a mix of insurance premiums and fee income from managing money for institutional and retail clients. Prudential has paid dividends for a quarter of a century and generally increased them, treating the payout as a core part of shareholder returns alongside buybacks. Insurance and annuity earnings can be sensitive to markets and interest rates, so the moderate yield comes with more cyclicality than a consumer staple, but the long record supports a solid, dependable income profile.