Assurant, Inc. (AIZ) To Go Ex-Dividend on June 8th

Assurant, Inc. (NYSE:AIZGet Free Report) announced a quarterly dividend on Thursday, May 21st. Investors of record on Monday, June 8th will be paid a dividend of 0.88 per share by the financial services provider on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 8th.

Assurant has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 21 consecutive years. Assurant has a payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Assurant to earn $22.72 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 15.5%.

Assurant Stock Performance

Shares of Assurant stock opened at $254.90 on Friday. The business’s fifty day simple moving average is $228.97 and its 200 day simple moving average is $229.81. The firm has a market capitalization of $12.63 billion, a P/E ratio of 13.04 and a beta of 0.56. Assurant has a 12 month low of $183.39 and a 12 month high of $260.96. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38.

Assurant (NYSE:AIZGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $5.95 EPS for the quarter, topping analysts’ consensus estimates of $5.29 by $0.66. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.29 billion. Assurant had a return on equity of 20.32% and a net margin of 7.60%.Assurant’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $5.79 earnings per share. As a group, analysts anticipate that Assurant will post 21.04 EPS for the current year.

About Assurant

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Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.

See Also

Dividend History for Assurant (NYSE:AIZ)

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