Reinsurance Group of America, Incorporated (NYSE:RGA) Plans Dividend Increase – $0.98 Per Share

Reinsurance Group of America, Incorporated (NYSE:RGA – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 18th will be paid a dividend of 0.98 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a 5.4% increase from Reinsurance Group of America’s previous quarterly dividend of $0.93.

Reinsurance Group of America has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. Reinsurance Group of America has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Reinsurance Group of America to earn $29.06 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 13.5%.

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Reinsurance Group of America Stock Down 0.5%

Shares of Reinsurance Group of America stock opened at $249.19 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.14 and a quick ratio of 0.14. Reinsurance Group of America has a 1-year low of $178.21 and a 1-year high of $251.00. The business’s fifty day moving average price is $227.11 and its two-hundred day moving average price is $215.33. The company has a market capitalization of $16.27 billion, a P/E ratio of 10.94 and a beta of 0.47.

Reinsurance Group of America (NYSE:RGA – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The insurance provider reported $8.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.39. Reinsurance Group of America had a return on equity of 14.78% and a net margin of 5.81%.The company had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter in the prior year, the business posted $4.72 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, research analysts forecast that Reinsurance Group of America will post 28.26 EPS for the current year.

Reinsurance Group of America Company Profile

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Reinsurance Group of America, Incorporated (NYSE: RGA) is a leading global provider of life and health reinsurance solutions. Headquartered in St. Louis, Missouri, RGA partners with primary insurance companies to help them manage risk, improve capital efficiency and develop innovative products. The company’s offerings span traditional risk transfer, financial solutions and facultative underwriting services, enabling clients to address a wide range of mortality, longevity, morbidity and critical-illness exposures.

RGA’s product suite includes life reinsurance, living benefits reinsurance, structured reinsurance and financial solutions that support product innovation and capital management.

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