Humana Inc. (HUM) to Issue Quarterly Dividend of $0.89 on November 27th

Humana Inc. (NYSE:HUM) announced a quarterly dividend on Tuesday, September 1st. Investors of record on Friday, October 30th will be paid a dividend of 0.885 per share by the insurance provider on Friday, November 27th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 30th.

Humana has increased its dividend by an average of 0.1%annually over the last three years. Humana has a payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Humana to earn $15.26 per share next year, which means the company should continue to be able to cover its $3.54 annual dividend with an expected future payout ratio of 23.2%.

Humana Stock Performance

Shares of HUM opened at $400.12 on Thursday. The company has a market capitalization of $48.05 billion, a PE ratio of 37.85, a PEG ratio of 2.59 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.74 and a current ratio of 1.74. Humana has a 52 week low of $163.11 and a 52 week high of $428.88. The company’s 50 day moving average price is $387.50 and its 200 day moving average price is $293.70.

Humana (NYSE:HUM) last announced its quarterly earnings results on Wednesday, July 29th. The insurance provider reported $7.61 earnings per share for the quarter, topping analysts’ consensus estimates of $7.27 by $0.34. Humana had a return on equity of 11.20% and a net margin of 0.88%.The company had revenue of $40.89 billion during the quarter, compared to analysts’ expectations of $40.58 billion. During the same quarter in the previous year, the firm earned $6.27 earnings per share. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. Research analysts expect that Humana will post 9 EPS for the current fiscal year.

About Humana

Humana Inc (NYSE: HUM) is a health insurance company headquartered in Louisville, Kentucky, that primarily serves individuals and groups across the United States. The company is best known for its Medicare business, offering Medicare Advantage plans and prescription drug (Part D) coverage, alongside a range of commercial and employer-sponsored group health plans. Humana’s products are designed to cover medical, behavioral health and pharmacy needs for members, with particular emphasis on seniors and Medicare-eligible populations.

In addition to traditional insurance products, Humana provides care-management and wellness services intended to support chronic-condition management, preventive care and care coordination.