F&G Annuities & Life, Inc. (NYSE:FG) Plans Dividend Increase – $0.26 Per Share

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Friday, November 6th. Shareholders of record on Thursday, December 17th will be paid a dividend of $0.26 per share on Thursday, December 31st. This represents a $1.04 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, December 17th. This is a 4.0% increase from F&G Annuities & Life’s previous quarterly dividend of $0.25.

F&G Annuities & Life has a dividend payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect F&G Annuities & Life to earn $4.08 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 24.5%.

F&G Annuities & Life Stock Performance

FG stock traded up $1.74 during trading on Friday, reaching $23.41. 1,059,177 shares of the company’s stock were exchanged, compared to its average volume of 727,891. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.48. F&G Annuities & Life has a 1-year low of $18.75 and a 1-year high of $35.33. The company’s fifty day moving average price is $21.81 and its 200-day moving average price is $25.64. The firm has a market cap of $3.07 billion, a PE ratio of 7.99 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.08. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.51 billion. F&G Annuities & Life had a return on equity of 10.28% and a net margin of 6.89%. On average, research analysts expect that F&G Annuities & Life will post 2.93 EPS for the current fiscal year.

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