Aflac Incorporated (NYSE:AFL) Shareholders to Receive $0.61 Quarterly Dividend

Aflac Incorporated (NYSE:AFL) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.61 per share by the financial services provider on Tuesday, December 1st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 18th.

Aflac has increased its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 44 years. Aflac has a payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Aflac to earn $7.70 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 31.7%.

Aflac Trading Up 1.0%

Shares of AFL opened at $125.29 on Thursday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. Aflac has a 12-month low of $105.76 and a 12-month high of $130.22. The firm has a market capitalization of $62.81 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.96 and a beta of 0.55. The stock’s fifty day simple moving average is $117.17 and its 200-day simple moving average is $116.05.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, November 4th. The financial services provider reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.63. The business had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Aflac had a return on equity of 13.27% and a net margin of 26.91%. The firm’s quarterly revenue was down 31.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.49 earnings per share. As a group, research analysts predict that Aflac will post 7.04 earnings per share for the current year.

Aflac News Roundup

Here are the key news stories impacting Aflac this week:

• Positive Sentiment: Aflac reported quarterly earnings of $2.43 per share, above the roughly $1.80 analyst consensus. It also declared a quarterly dividend of $0.61 per share, payable December 1, equivalent to $2.44 annually. Aflac third-quarter results and dividend announcement
• Negative Sentiment: Revenue was $3.27 billion, well below the $4.12 billion analyst estimate and down 31% year over year. Reported per-share earnings were also below the year-ago $2.49, and coverage said quarterly profit fell. The large revenue shortfall may temper the positive reaction to the earnings beat. Aflac misses third-quarter revenue estimates

About Aflac

Aflac Incorporated (NYSE:AFL) is an insurance company specializing in supplemental health and life insurance. Through its policies, the company helps individuals and families manage expenses that may not be fully covered by major medical insurance, including deductibles, copayments and other out-of-pocket costs.

Aflac offers products such as accident, cancer, critical illness, hospital indemnity, dental and vision, disability, life and long-term care insurance. Many of its supplemental policies provide cash benefits directly to policyholders, who can generally use the funds according to their individual needs.