Assurant, Inc. (NYSE:AIZ) announced a quarterly dividend on Friday, January 19th, RTT News reports. Stockholders of record on Monday, February 26th will be paid a dividend of 0.56 per share by the financial services provider on Monday, March 19th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, February 23rd.

Assurant has raised its dividend by an average of 26.6% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Assurant has a dividend payout ratio of 60.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Assurant to earn $8.88 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 25.2%.

Shares of Assurant (NYSE:AIZ) opened at $89.92 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.55 and a quick ratio of 0.53. The company has a market capitalization of $4,718.55, a PE ratio of 9.57, a PEG ratio of 0.59 and a beta of 0.59. Assurant has a 52 week low of $84.98 and a 52 week high of $106.99.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.26. Assurant had a return on equity of 5.24% and a net margin of 8.10%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the firm earned $0.54 EPS. Assurant’s quarterly revenue was down 4.3% compared to the same quarter last year. sell-side analysts predict that Assurant will post 7.93 earnings per share for the current year.

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About Assurant

Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).

Dividend History for Assurant (NYSE:AIZ)

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