Aon plc (NYSE:AON) to Issue $0.75 Quarterly Dividend

Aon plc (NYSE:AON) announced a quarterly dividend on Friday, January 9th. Stockholders of record on Monday, February 2nd will be given a dividend of 0.745 per share by the financial services provider on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, February 2nd.

AON has raised its dividend payment by an average of 0.1%annually over the last three years. AON has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AON to earn $19.36 per share next year, which means the company should continue to be able to cover its $2.98 annual dividend with an expected future payout ratio of 15.4%.

AON Trading Up 2.0%

Shares of NYSE AON traded up $6.85 during mid-day trading on Friday, hitting $349.80. The stock had a trading volume of 1,938,361 shares, compared to its average volume of 1,102,139. The business has a 50 day moving average price of $347.88 and a two-hundred day moving average price of $353.72. AON has a 1 year low of $323.73 and a 1 year high of $412.97. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $75.18 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 1.76 and a beta of 0.84.

AON (NYSE:AON) last released its quarterly earnings data on Friday, January 30th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.75 by $0.10. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.38 billion. AON had a net margin of 15.96% and a return on equity of 48.88%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.42 earnings per share. On average, equities analysts anticipate that AON will post 17.21 EPS for the current fiscal year.

About AON

Aon plc is a global professional services firm that provides a broad suite of risk, retirement and health solutions to corporations, institutions and individuals. The company operates primarily as an insurance broker and risk adviser, helping clients identify, quantify and transfer risk across property, casualty, cyber and other areas. Aon also offers reinsurance brokerage and capital market solutions that connect insurers, reinsurers and corporate buyers.

In addition to traditional brokerage activities, Aon delivers consulting and outsourcing services in areas such as human capital, benefits, and retirement plan design and administration.