American Financial Group, Inc. (AFG) to Issue Quarterly Dividend of $0.80 on October 25th

American Financial Group, Inc. (NYSE:AFG) announced a quarterly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.80 per share by the insurance provider on Friday, October 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Tuesday, October 15th. This is a positive change from American Financial Group’s previous quarterly dividend of $0.71.

American Financial Group has raised its dividend by an average of 12.0% annually over the last three years and has increased its dividend annually for the last 18 consecutive years. American Financial Group has a payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Financial Group to earn $11.70 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 24.3%.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $134.78 on Thursday. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 12.90 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. American Financial Group has a 12 month low of $105.22 and a 12 month high of $137.95. The stock’s 50 day moving average price is $131.54 and its 200 day moving average price is $129.49.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that American Financial Group will post 10.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of American Financial Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $144.00 to $137.00 in a research note on Friday, June 28th.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.