FBL Financial Group (NYSE:FFG) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.48 per share by the financial services provider on Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Friday, September 13th.

FBL Financial Group has increased its dividend payment by an average of 15.3% per year over the last three years and has raised its dividend annually for the last 6 consecutive years. FBL Financial Group has a payout ratio of 39.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect FBL Financial Group to earn $4.90 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 39.2%.

FBL Financial Group stock opened at $58.07 on Wednesday. FBL Financial Group has a 52 week low of $52.91 and a 52 week high of $83.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $1.39 billion, a PE ratio of 13.32 and a beta of 0.69. The business’s 50-day simple moving average is $57.62 and its 200-day simple moving average is $62.35.

FBL Financial Group (NYSE:FFG) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.03. The firm had revenue of $192.91 million for the quarter. FBL Financial Group had a return on equity of 8.62% and a net margin of 13.96%. Research analysts forecast that FBL Financial Group will post 4.8 earnings per share for the current year.

FFG has been the subject of several research reports. TheStreet cut FBL Financial Group from a “b” rating to a “c+” rating in a research report on Monday, August 5th. Raymond James downgraded FBL Financial Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, August 6th. ValuEngine lowered FBL Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 28th. Finally, Zacks Investment Research cut FBL Financial Group from a “hold” rating to a “sell” rating in a report on Monday.

About FBL Financial Group

FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.

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Dividend History for FBL Financial Group (NYSE:FFG)

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