Assurant, Inc. (NYSE:AIZ) Declares Quarterly Dividend of $0.88

Assurant, Inc. (NYSE:AIZ) declared a quarterly dividend on Thursday, August 13th. Investors of record on Monday, August 31st will be given a dividend of 0.88 per share by the financial services provider on Monday, September 28th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 31st.

Assurant has raised its dividend by an average of 0.1%per year 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Assurant to earn $23.12 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 15.2%.

Assurant Stock Performance

NYSE AIZ opened at $281.06 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.86 billion, a P/E ratio of 13.42 and a beta of 0.55. Assurant has a 12-month low of $205.01 and a 12-month high of $303.94. The firm has a 50-day moving average price of $273.31 and a two-hundred day moving average price of $245.91.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 EPS for the quarter, topping the consensus estimate of $5.17 by $1.24. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.43 billion. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $5.56 earnings per share. Analysts anticipate that Assurant will post 21.61 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.