Aon plc (NYSE:AON) to Issue Quarterly Dividend of $0.75

Aon plc (NYSE:AON) announced a quarterly dividend on Friday, April 11th, RTT News reports. Stockholders of record on Thursday, May 1st will be paid a dividend of 0.745 per share by the financial services provider on Thursday, May 15th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 0.79%. This is a 10.4% increase from AON’s previous quarterly dividend of $0.68.

AON has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AON to earn $19.36 per share next year, which means the company should continue to be able to cover its $2.70 annual dividend with an expected future payout ratio of 13.9%.

AON Stock Up 1.7 %

Shares of AON stock opened at $375.26 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58. The business has a 50-day moving average price of $390.58 and a 200 day moving average price of $374.56. AON has a fifty-two week low of $268.06 and a fifty-two week high of $412.97. The firm has a market cap of $81.06 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.12 and a beta of 0.82.

AON (NYSE:AON) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.17. AON had a return on equity of 70.84% and a net margin of 16.91%. During the same quarter last year, the company posted $3.89 EPS. On average, sell-side analysts forecast that AON will post 17.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AON. JPMorgan Chase & Co. boosted their price objective on shares of AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays dropped their price target on AON from $440.00 to $430.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Redburn Partners set a $445.00 target price on AON in a research report on Tuesday, March 25th. Finally, Jefferies Financial Group boosted their price target on shares of AON from $396.00 to $416.00 and gave the company a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AON presently has a consensus rating of “Hold” and a consensus price target of $393.87.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.