Assurant, Inc. (AIZ) to Issue Quarterly Dividend of $0.88 on June 29th

Assurant, Inc. (NYSE:AIZ) announced a quarterly dividend on Thursday, May 21st. Investors of record on Monday, June 8th will be given a dividend of 0.88 per share by the financial services provider on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, June 8th.

Assurant has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 21 years. Assurant has a payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Assurant to earn $22.59 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 15.6%.

Assurant Stock Performance

NYSE AIZ opened at $257.47 on Friday. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 13.17 and a beta of 0.56. Assurant has a twelve month low of $183.39 and a twelve month high of $260.96. The stock has a fifty day simple moving average of $236.08 and a 200 day simple moving average of $231.87. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.38.

Assurant (NYSE:AIZ) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.66. Assurant had a return on equity of 20.32% and a net margin of 7.60%.The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the business posted $5.79 earnings per share. Assurant’s quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts expect that Assurant will post 21.04 EPS for the current year.

Assurant Company Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.