American Financial Group, Inc. Plans Quarterly Dividend of $0.88 (NYSE:AFG)
by Scott Moore · The Cerbat GemAmerican Financial Group, Inc. (NYSE:AFG – Get Free Report) declared a quarterly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.88 per share by the insurance provider on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, April 15th.
American Financial Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 19 years. American Financial Group has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Financial Group to earn $11.68 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 30.1%.
American Financial Group Stock Performance
Shares of AFG opened at $130.78 on Monday. American Financial Group has a one year low of $120.52 and a one year high of $150.02. The company has a 50-day moving average of $129.42 and a two-hundred day moving average of $133.76. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 12.99 and a beta of 0.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.23 and a quick ratio of 0.23.
American Financial Group (NYSE:AFG – Get Free Report) last announced its earnings results on Wednesday, February 4th. The insurance provider reported $3.65 EPS for the quarter, topping the consensus estimate of $3.18 by $0.47. American Financial Group had a net margin of 10.30% and a return on equity of 18.64%. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the company posted $3.12 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts expect that American Financial Group will post 10.5 earnings per share for the current year.
American Financial Group Company Profile
American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.
The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.