Aflac Incorporated (AFL) To Go Ex-Dividend on November 14th
Aflac Incorporated (NYSE:AFL) announced a quarterly dividend on Wednesday, October 25th, RTT News reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.45 per share by the financial services provider on Friday, December 1st. This represents a $1.80 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Aflac’s previous quarterly dividend of $0.43.
Aflac has raised its dividend payment by an average of 5.3% annually over the last three years and has raised its dividend every year for the last 34 years. Aflac has a payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Aflac to earn $6.83 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 26.4%.
Shares of Aflac (NYSE:AFL) opened at $83.44 on Monday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.24. Aflac has a 12-month low of $66.50 and a 12-month high of $85.70. The stock has a market cap of $32,804.40, a price-to-earnings ratio of 12.38, a PEG ratio of 2.47 and a beta of 1.00.
Aflac (NYSE:AFL) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. Aflac had a net margin of 12.49% and a return on equity of 12.87%. The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $1.74 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. research analysts expect that Aflac will post 6.76 EPS for the current fiscal year.
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Several brokerages have recently issued reports on AFL. B. Riley reissued a “neutral” rating on shares of Aflac in a research report on Monday, November 6th. Citigroup Inc. downgraded shares of Aflac from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $82.00 to $77.00 in a research report on Tuesday, September 26th. ValuEngine raised shares of Aflac from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Wells Fargo & Company reissued a “hold” rating and set a $82.00 price objective on shares of Aflac in a research report on Thursday, September 28th. Finally, BidaskClub cut shares of Aflac from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $79.63.
In other Aflac news, President Kriss Cloninger III sold 25,000 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.83, for a total value of $2,095,750.00. Following the completion of the sale, the president now owns 298,646 shares in the company, valued at $25,035,494.18. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Audrey B. Tillman sold 310 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $83.57, for a total transaction of $25,906.70. Following the completion of the sale, the insider now owns 41,937 shares of the company’s stock, valued at approximately $3,504,675.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,709 shares of company stock valued at $2,404,680. Corporate insiders own 3.00% of the company’s stock.
Aflac announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 8th that authorizes the company to buyback 40,000,000 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
Aflac Company Profile
Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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