5 Safest Stocks with Highest Dividends

2. Prudential Financial, Inc. (NYSE:PRU)

Dividend Yield as of March 30: 5.93%

On March 26, Keefe Bruyette & Woods analyst Ryan Krueger re-initiated coverage of Prudential Financial, Inc. (NYSE:PRU) with a Market Perform rating. The firm set a $106 price target on the stock. The analyst said the life insurance sector shows a mixed fundamental picture. Companies have reduced liability tail risk, improved free cash flow conversion, and benefited from stronger growth. At the same time, they are dealing with rising competition, higher investment leverage, more complex balance sheets, and the eventual fading of macro tailwinds.

On March 16, Prudential Financial said its Board appointed Andrew Sullivan, currently CEO, to also serve as Chairman of the Board, effective March 10, 2026. He takes over from Charles Lowrey, who stepped down as Executive Chairman and director on March 10. Lowrey will stay on as a senior advisor through the end of the second quarter before retiring. Over his 25 years with the company, he served as Executive Chairman starting in 2025, CEO from 2018 to 2025, and Chairman from 2019 to 2025.

Prudential Financial, Inc. (NYSE:PRU) provides financial services and investment management globally. Its offerings include life insurance, annuities, retirement-related products and services, mutual funds, and investment management.