American Financial Group, Inc. (AFG) To Go Ex-Dividend on October 15th

American Financial Group, Inc. (NYSE:AFG) announced a quarterly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be given a dividend of $0.97 per share by the insurance provider on Friday, October 23rd. This represents a $3.88 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, October 15th. This is a 10.2% increase from American Financial Group’s previous quarterly dividend of $0.88.

American Financial Group has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 19 consecutive years. American Financial Group has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Financial Group to earn $11.98 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 29.4%.

American Financial Group Stock Performance

Shares of AFG stock opened at $139.25 on Friday. The company’s fifty day simple moving average is $142.63 and its 200-day simple moving average is $136.80. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.38. The firm has a market cap of $11.55 billion, a PE ratio of 12.17 and a beta of 0.59. American Financial Group has a 12 month low of $123.09 and a 12 month high of $150.02.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.50. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the firm earned $2.14 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that American Financial Group will post 12.29 EPS for the current fiscal year.

American Financial Group Company Profile

American Financial Group, Inc is an insurance holding company headquartered in Cincinnati, Ohio. Through its Great American Insurance Group businesses, the company primarily provides property and casualty insurance products, with an emphasis on specialty commercial markets that require specialized underwriting expertise.

Its insurance offerings include coverage for commercial transportation, agriculture, workers’ compensation, excess and surplus risks, environmental exposures, inland marine, and other niche industries.