F&G Annuities & Life, Inc. (NYSE:FG) Announces Dividend Increase – $0.25 Per Share

F&G Annuities & Life, Inc. (NYSE:FG) declared a quarterly dividend on Friday, November 7th. Stockholders of record on Wednesday, December 17th will be paid a dividend of 0.25 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, December 17th. This is a 13.6% increase from F&G Annuities & Life’s previous quarterly dividend of $0.22.

F&G Annuities & Life has a dividend payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect F&G Annuities & Life to earn $6.10 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 14.4%.

F&G Annuities & Life Stock Performance

FG traded up $0.91 during trading hours on Friday, reaching $30.78. The company’s stock had a trading volume of 324,527 shares, compared to its average volume of 212,672. The company’s 50-day moving average is $31.52 and its 200-day moving average is $32.28. F&G Annuities & Life has a 52 week low of $28.70 and a 52 week high of $50.75. The firm has a market cap of $4.14 billion, a PE ratio of 12.41 and a beta of 1.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.26.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 EPS for the quarter. The firm had revenue of $496.00 million for the quarter. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. On average, equities analysts forecast that F&G Annuities & Life will post 5.54 EPS for the current year.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.