Reinsurance Group of America, Incorporated (RGA) To Go Ex-Dividend on November 10th

Reinsurance Group of America, Incorporated (NYSE:RGA) announced a quarterly dividend on Tuesday, October 28th. Investors of record on Tuesday, November 11th will be given a dividend of 0.93 per share by the insurance provider on Tuesday, November 25th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, November 10th.

Reinsurance Group of America 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 16 consecutive years. Reinsurance Group of America has a payout ratio of 14.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Reinsurance Group of America to earn $24.55 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 15.2%.

Reinsurance Group of America Stock Down 0.4%

NYSE RGA opened at $190.39 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.47. Reinsurance Group of America has a 52 week low of $159.25 and a 52 week high of $233.81. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 16.53 and a beta of 0.62. The company has a fifty day moving average of $190.86 and a two-hundred day moving average of $194.06.

Reinsurance Group of America (NYSE:RGA) last released its earnings results on Thursday, October 30th. The insurance provider reported $6.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.57. Reinsurance Group of America had a net margin of 3.54% and a return on equity of 12.56%. The firm had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the business earned $6.13 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Reinsurance Group of America will post 22.9 earnings per share for the current year.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.