Principal Financial Group, Inc. Announces Preferred Dividend

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Tue May 20, 2008 3:07pm EDT 

DES MOINES, Iowa--(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 June 30, 2008, to preferred stockholders of record as of
June 12, 2008.

   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 $304.2 billion
in assets under management(2) 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 March 31, 2008

Principal Financial Group, Inc.
Media:
Tina Marchetti, 515-248-0065
marchetti.tina@principal.com
or
Investors:
Tom Graf, 515-235-9500
graf.tom@principal.com

Copyright Business Wire 2008
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