Assurant, Inc. (AIZ) To Go Ex-Dividend on February 17th

Assurant, Inc. (NYSE:AIZ) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.88 per share by the financial services provider on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, February 17th.

Assurant has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 21 consecutive years. Assurant has a dividend payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Assurant to earn $19.12 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 18.4%.

Assurant Trading Down 0.3%

Assurant stock opened at $237.88 on Friday. The stock has a 50-day simple moving average of $234.06 and a 200 day simple moving average of $218.43. The stock has a market capitalization of $11.91 billion, a P/E ratio of 14.48 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.40 and a current ratio of 0.40. Assurant has a 52 week low of $174.97 and a 52 week high of $243.76.

Assurant (NYSE:AIZ) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $5.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $1.50. Assurant had a return on equity of 18.61% and a net margin of 6.75%.The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the firm posted $3.00 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Analysts expect that Assurant will post 16.88 earnings per share for the current year.

Assurant Company Profile

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.