American Financial Group, Inc. (AFG) to Issue Quarterly Dividend of $0.88 on October 24th

American Financial Group, Inc. (NYSE:AFG) declared a quarterly dividend on Wednesday, October 1st, RTT News reports. Shareholders of record on Wednesday, October 15th will be given a dividend of 0.88 per share by the insurance provider on Friday, October 24th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 15th. This is a 10.0% increase from American Financial Group’s previous quarterly dividend of $0.80.

American Financial Group has a dividend payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect American Financial Group to earn $11.68 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 27.4%.

American Financial Group Stock Performance

AFG opened at $137.26 on Monday. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 15.08 and a beta of 0.74. The firm’s fifty day simple moving average is $137.76 and its two-hundred day simple moving average is $129.73. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33. American Financial Group has a 52-week low of $114.73 and a 52-week high of $150.19.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company posted $2.56 EPS. American Financial Group’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that American Financial Group will post 10.5 earnings per share for the current fiscal year.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.