American Financial Group, Inc. (NYSE:AFG) Declares Dividend Increase – $0.97 Per Share

American Financial Group, Inc. (NYSE:AFG) announced a quarterly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be given a dividend of $0.97 per share by the insurance provider on Friday, October 23rd. This represents a $3.88 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, October 15th. This is a 10.2% increase from American Financial Group’s previous quarterly dividend of $0.88.

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 dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Financial Group to earn $11.85 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 29.7%.

American Financial Group Price Performance

Shares of NYSE AFG opened at $138.09 on Friday. The company has a fifty day moving average price of $142.71 and a 200 day moving average price of $136.79. The firm has a market cap of $11.45 billion, a PE ratio of 12.07 and a beta of 0.59. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38. American Financial Group has a 1-year low of $123.09 and a 1-year high of $150.02.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.50. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.85 billion. American Financial Group had a return on equity of 20.35% and a net margin of 11.51%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $2.14 EPS. Research analysts predict that American Financial Group will post 12.17 earnings per share for the current fiscal year.

About American Financial Group

American Financial Group, Inc is an insurance holding company headquartered in Cincinnati, Ohio. Through its Great American Insurance Group businesses, the company primarily provides property and casualty insurance products, with an emphasis on specialty commercial markets that require specialized underwriting expertise.

Its insurance offerings include coverage for commercial transportation, agriculture, workers’ compensation, excess and surplus risks, environmental exposures, inland marine, and other niche industries.