American Financial Group, Inc. (NYSE:AFG) announced a special dividend on Monday, November 6th, RTT News reports. Investors of record on Friday, November 17th will be paid a dividend of 2.00 per share by the insurance provider on Monday, November 27th. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from American Financial Group’s previous special dividend of $1.50.
American Financial Group has raised its dividend by an average of 12.7% annually over the last three years and has raised its dividend every year for the last 11 years. American Financial Group has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Financial Group to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 20.7%.
Shares of American Financial Group (NYSE AFG) traded up $0.07 on Wednesday, hitting $106.10. The company had a trading volume of 285,300 shares, compared to its average volume of 355,621. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. American Financial Group has a 52-week low of $79.55 and a 52-week high of $106.61. The stock has a market capitalization of $9,342.60, a PE ratio of 16.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.86.
American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.21. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $979.50 million. During the same period in the previous year, the business earned $1.51 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. sell-side analysts predict that American Financial Group will post 6.05 EPS for the current year.
Several brokerages recently commented on AFG. Zacks Investment Research upgraded American Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Buckingham Research began coverage on American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. American Financial Group presently has a consensus rating of “Hold” and an average price target of $100.67.
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American Financial Group Company Profile
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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