American Financial Group, Inc. (NYSE:AFG) Declares Quarterly Dividend of $0.88

American Financial Group, Inc. (NYSE:AFGGet Free Report) announced a quarterly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.88 per share by the insurance provider on Friday, July 24th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

American Financial Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 19 years. American Financial Group has a payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Financial Group to earn $11.97 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 29.4%.

American Financial Group Trading Up 0.6%

NYSE:AFG opened at $140.82 on Thursday. American Financial Group has a twelve month low of $122.11 and a twelve month high of $150.02. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $133.44 and a two-hundred day moving average price of $132.00. The company has a market cap of $11.70 billion, a P/E ratio of 13.39 and a beta of 0.62.

American Financial Group (NYSE:AFGGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. American Financial Group’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business earned $1.81 earnings per share. As a group, analysts expect that American Financial Group will post 11.37 EPS for the current fiscal year.

American Financial Group Company Profile

(Get Free Report)

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.

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Dividend History for American Financial Group (NYSE:AFG)

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