F&G Annuities & Life, Inc. (NYSE:FG) Declares $0.22 Quarterly Dividend

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.22 per share on Monday, March 31st. This represents a $0.88 annualized dividend and a yield of 2.20%. The ex-dividend date is Monday, March 17th.

F&G Annuities & Life has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect F&G Annuities & Life to earn $6.10 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 14.4%.

F&G Annuities & Life Stock Down 9.0 %

F&G Annuities & Life stock traded down $3.94 during trading on Friday, hitting $40.08. 187,343 shares of the company were exchanged, compared to its average volume of 68,886. The business’s 50 day moving average is $43.37 and its 200 day moving average is $43.27. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life has a 52 week low of $34.90 and a 52 week high of $50.75. The company has a market capitalization of $5.05 billion, a P/E ratio of 8.26 and a beta of 1.66.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Analysts predict that F&G Annuities & Life will post 5.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Barclays upped their price target on F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.