Fidelity and Guaranty Life Announces Quarterly Dividend of $0.07 (FGL)
Fidelity and Guaranty Life (NYSE:FGL) announced a quarterly dividend on Friday, November 10th, Wall Street Journal reports. Stockholders of record on Monday, November 27th will be paid a dividend of 0.065 per share by the financial services provider on Monday, December 11th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, November 24th.
Fidelity and Guaranty Life has a payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelity and Guaranty Life to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 9.6%.
Shares of Fidelity and Guaranty Life (NYSE:FGL) traded up $0.10 during mid-day trading on Friday, hitting $31.20. 538,636 shares of the stock were exchanged, compared to its average volume of 367,953. Fidelity and Guaranty Life has a 52-week low of $22.85 and a 52-week high of $31.38. The company has a market capitalization of $1,840.00, a price-to-earnings ratio of 11.76 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.20 and a quick ratio of 0.20.
Several analysts recently issued reports on the stock. ValuEngine lowered shares of Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
Fidelity and Guaranty Life Company Profile
Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets.
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