DES MOINES, Iowa--(BUSINESS WIRE)--Oct. 26, 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 Dec.
30, 2009, to preferred stockholders of record as of Dec. 14, 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 Dec. 31, 2008, and in the company’s
quarterly report on Form 10-Q for the quarter ended June 30, 2009 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 $257.7 billion in assets under management2
and serves some 18.8 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 June 30, 2009
Source: Principal Financial Group, Inc.
Principal Financial Group, Inc.
Media contact:
Susan
Houser, 515-248-2268
houser.susan@principal.com
or
Investor
Relations contact:
Tom Graf, 515-235-9500
investor-relations@principal.com
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