Assurant, Inc. (NYSE:AIZ) declared a quarterly dividend on Friday, January 19th, RTT News reports. Shareholders of record on Monday, February 26th will be paid a dividend of 0.56 per share by the financial services provider on Monday, March 19th. This represents a $2.24 dividend on an annualized basis and a yield of 2.38%.
Assurant has raised its dividend payment by an average of 26.6% per year over the last three years and has raised its dividend every year for the last 14 years. Assurant has a payout ratio of 60.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Assurant to earn $7.45 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 30.1%.
Assurant (AIZ) opened at $94.08 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. Assurant has a 1-year low of $86.00 and a 1-year high of $106.99. The company has a market capitalization of $4,957.98, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 0.65 and a beta of 0.78.
Separately, SunTrust Banks reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Assurant in a report on Thursday, October 12th.
COPYRIGHT VIOLATION WARNING: “Assurant, Inc. (AIZ) to Issue $0.56 Quarterly Dividend” was posted by BBNS and is the property of of BBNS. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/assurant-inc-aiz-to-issue-0-56-quarterly-dividend/1848124.html.
Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter.