AFLAC Incorporated (NYSE:AFL) declared a quarterly dividend on Wednesday, January 31st, RTT News reports. Stockholders of record on Wednesday, February 21st will be paid a dividend of 0.52 per share by the financial services provider on Thursday, March 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.36%. This is an increase from AFLAC’s previous quarterly dividend of $0.45.

AFLAC has raised its dividend payment by an average of 5.1% per year over the last three years and has increased its dividend annually for the last 35 consecutive years. AFLAC has a payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AFLAC to earn $7.50 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 24.0%.

Shares of AFLAC (NYSE:AFL) traded down $0.37 during trading on Wednesday, hitting $88.20. 2,535,841 shares of the stock traded hands, compared to its average volume of 2,820,019. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.07 and a quick ratio of 0.07. AFLAC has a 1 year low of $66.50 and a 1 year high of $91.73. The company has a market capitalization of $34,690.00, a PE ratio of 12.80, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

In other AFLAC news, insider Audrey B. Tillman sold 2,360 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $87.64, for a total transaction of $206,830.40. Following the completion of the transaction, the insider now owns 39,331 shares of the company’s stock, valued at $3,446,968.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Masatoshi Koide sold 6,250 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $88.00, for a total value of $550,000.00. Following the transaction, the chief operating officer now directly owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,347 shares of company stock worth $1,962,778. 3.00% of the stock is currently owned by company insiders.

Several research firms recently weighed in on AFL. Royal Bank of Canada reiterated a “sell” rating and issued a $71.00 price target on shares of AFLAC in a report on Tuesday, October 10th. Goldman Sachs Group began coverage on shares of AFLAC in a report on Wednesday, October 18th. They issued a “neutral” rating and a $88.00 price target on the stock. Wells Fargo & Co set a $82.00 price target on shares of AFLAC and gave the company a “hold” rating in a report on Wednesday, October 25th. B. Riley reiterated a “neutral” rating on shares of AFLAC in a report on Monday, November 6th. Finally, ValuEngine upgraded shares of AFLAC from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $83.88.

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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.

Dividend History for AFLAC (NYSE:AFL)

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