Aflac Incorporated Plans Quarterly Dividend of $0.61 (NYSE:AFL)

Aflac Incorporated (NYSE:AFL) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.61 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, August 19th.

Aflac has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 44 consecutive years. Aflac has a payout ratio of 34.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Aflac to earn $7.66 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 31.9%.

Aflac Trading Down 1.8%

NYSE:AFL traded down $2.24 during midday trading on Friday, hitting $124.42. 1,238,793 shares of the company traded hands, compared to its average volume of 2,355,819. The firm has a market capitalization of $63.33 billion, a P/E ratio of 14.12, a P/E/G ratio of 1.94 and a beta of 0.60. The firm’s fifty day moving average is $120.48 and its 200-day moving average is $115.31. Aflac has a 12-month low of $101.49 and a 12-month high of $130.22. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26.

Aflac (NYSE:AFL) last released its earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.01). Aflac had a return on equity of 13.88% and a net margin of 25.60%.The firm had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the business posted $1.78 EPS. Aflac’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that Aflac will post 7.06 EPS for the current year.

About Aflac

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.