F&G Annuities & Life, Inc. Plans Quarterly Dividend of $0.22 (NYSE:FG)

F&G Annuities & Life, Inc. (NYSE:FG) declared a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.22 per share on Monday, March 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, March 17th.

F&G Annuities & Life has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect F&G Annuities & Life to earn $6.10 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 14.4%.

F&G Annuities & Life Stock Down 9.0 %

Shares of NYSE FG traded down $3.94 during mid-day trading on Friday, reaching $40.08. The company had a trading volume of 187,343 shares, compared to its average volume of 68,886. F&G Annuities & Life has a twelve month low of $34.90 and a twelve month high of $50.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $5.05 billion, a PE ratio of 8.26 and a beta of 1.66. The stock’s 50 day moving average is $43.37 and its 200-day moving average is $43.27.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, equities analysts anticipate that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays upped their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.