American Financial Group, Inc. (AFG) To Go Ex-Dividend on July 15th

American Financial Group, Inc. (NYSE:AFG) declared a quarterly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.88 per share by the insurance provider on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, July 15th.

American Financial Group has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 19 years. American Financial Group has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American Financial Group to earn $11.97 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 29.4%.

American Financial Group Trading Up 1.6%

Shares of AFG opened at $143.00 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $11.88 billion, a P/E ratio of 13.59 and a beta of 0.62. The firm has a 50-day moving average price of $133.69 and a 200 day moving average price of $132.04. American Financial Group has a 12-month low of $122.11 and a 12-month high of $150.02.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.07). The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.70 billion. American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 EPS. Sell-side analysts forecast that American Financial Group will post 11.37 EPS for the current year.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.