Reinsurance Group of America, Incorporated (RGA) to Issue Quarterly Dividend of $0.93 on June 2nd

Reinsurance Group of America, Incorporated (NYSE:RGA) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.93 per share by the insurance provider on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, May 19th.

Reinsurance Group of America has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 16 years. Reinsurance Group of America has a dividend payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Reinsurance Group of America to earn $28.54 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 13.0%.

Reinsurance Group of America Price Performance

NYSE:RGA opened at $210.01 on Friday. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 11.38 and a beta of 0.50. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average is $207.02 and its two-hundred day moving average is $202.95. Reinsurance Group of America has a 12-month low of $165.52 and a 12-month high of $229.21.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, May 7th. The insurance provider reported $6.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.94. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.47 billion. Reinsurance Group of America had a net margin of 4.92% and a return on equity of 13.16%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.66 EPS. Research analysts expect that Reinsurance Group of America will post 26.39 EPS for the current year.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.