Reinsurance Group of America, Incorporated (NYSE:RGA) to Issue Dividend Increase – $0.98 Per Share

Reinsurance Group of America, Incorporated (NYSE:RGA) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.98 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, August 18th. This is a 5.4% increase from Reinsurance Group of America’s previous quarterly dividend of $0.93.

Reinsurance Group of America has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 16 years. Reinsurance Group of America has a payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $29.06 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 13.5%.

Reinsurance Group of America Trading Down 0.5%

NYSE:RGA opened at $249.19 on Friday. The firm has a fifty day simple moving average of $227.11 and a two-hundred day simple moving average of $215.33. Reinsurance Group of America has a 12 month low of $178.21 and a 12 month high of $251.00. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 10.94 and a beta of 0.47. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.41.

Reinsurance Group of America (NYSE:RGA) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $8.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.39. The company had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Reinsurance Group of America had a net margin of 5.81% and a return on equity of 14.78%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.72 EPS. Analysts expect that Reinsurance Group of America will post 28.26 EPS for the current fiscal year.

Reinsurance Group of America Company Profile

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.