Humana Inc. (NYSE:HUM) Shareholders to Receive $0.89 Quarterly Dividend

Humana Inc. (NYSE:HUM) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Thursday, December 24th will be paid a dividend of $0.8850 per share by the insurance provider on Friday, January 29th. This represents a $3.54 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, December 24th.

Humana has increased its dividend by an average of 0.1% per year over the last three years. Humana has a dividend payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Humana to earn $16.02 per share next year, which means the company should continue to be able to cover its $3.54 annual dividend with an expected future payout ratio of 22.1%.

Humana Stock Up 0.9%

Shares of NYSE:HUM opened at $415.55 on Friday. Humana has a 52-week low of $163.11 and a 52-week high of $456.50. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a 50 day moving average price of $400.25 and a 200-day moving average price of $308.01. The firm has a market capitalization of $49.90 billion, a P/E ratio of 39.31, a P/E/G ratio of 2.54 and a beta of 0.74.

Humana (NYSE:HUM) last announced its quarterly earnings data on Wednesday, July 29th. The insurance provider reported $7.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.27 by $0.34. Humana had a return on equity of 11.20% and a net margin of 0.88%. The business had revenue of $40.89 billion during the quarter, compared to analysts’ expectations of $40.58 billion. During the same quarter in the previous year, the business earned $6.27 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Humana will post 9.03 EPS for the current fiscal year.

Humana Company Profile

Humana Inc is a health and well-being company that provides insurance products and health care services in the United States and Puerto Rico. The company’s primary business is government-sponsored health coverage, particularly Medicare Advantage plans for older adults, along with Medicare prescription drug plans, Medicaid coverage and certain commercial health insurance products.

Humana also operates CenterWell, its health care services platform focused on older adults. CenterWell includes primary care clinics, home health services and pharmacy services, with an emphasis on coordinated care, chronic-condition management and helping members receive care in lower-cost settings.

Founded in 1961 as a nursing-home company, Humana expanded into hospital operations before shifting its focus toward health insurance and related services.