DES MOINES, Iowa, Nov 01, 2010 (BUSINESS WIRE) --
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, 2010, to preferred stockholders of record as of Dec. 9, 2010.
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, 2009, and in the company's
quarterly report on Form 10-Q for the quarter ended June 30, 2010 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(R) (The Principal (R))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 $305.7 billion in assets under
management2 and serves some 18.9 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 Sept. 30, 2010.
SOURCE: The Principal Financial Group
The Principal Financial Group
Susan Houser, 515-248-2268
Investor Relations contact:
John Egan, 515-235-9500