AFLAC Incorporated (NYSE:AFL) announced a quarterly dividend on Thursday, July 25th, RTT News reports. Investors of record on Wednesday, August 21st will be given a dividend of 0.27 per share by the financial services provider on Tuesday, September 3rd. This represents a $1.08 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, August 20th.
AFLAC has increased its dividend by an average of 9.6% per year over the last three years and has increased its dividend every year for the last 36 years. AFLAC has a payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AFLAC to earn $4.49 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 24.1%.
NYSE AFL opened at $52.65 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $38.55 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 2.89 and a beta of 0.71. The firm’s 50 day simple moving average is $54.47 and its 200 day simple moving average is $51.52. AFLAC has a 1 year low of $41.45 and a 1 year high of $57.18.
Several research firms recently issued reports on AFL. Zacks Investment Research upgraded shares of AFLAC from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, April 30th. Raymond James lowered shares of AFLAC from a “strong-buy” rating to an “outperform” rating and set a $62.00 price target on the stock. in a research report on Monday, July 29th. UBS Group reduced their price target on shares of AFLAC from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 30th. Morgan Stanley increased their price target on shares of AFLAC from $53.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Finally, Barclays increased their price target on shares of AFLAC from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. AFLAC currently has a consensus rating of “Hold” and a consensus price target of $53.57.
In other AFLAC news, Director Joseph L. Moskowitz sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $52.02, for a total value of $143,055.00. Following the sale, the director now owns 15,290 shares in the company, valued at $795,385.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Koji Ariyoshi sold 63,703 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $52.20, for a total transaction of $3,325,296.60. Following the transaction, the vice president now directly owns 49,129 shares of the company’s stock, valued at approximately $2,564,533.80. The disclosure for this sale can be found here. Insiders sold 85,980 shares of company stock worth $4,500,870 in the last 90 days. Company insiders own 1.30% of the company’s stock.
Aflac Incorporated, through its subsidiaries, provides voluntary supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans, and annuities in Japan.
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