Assurant, Inc. (AIZ) to Issue $0.56 Quarterly Dividend

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.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, beating analysts’ consensus estimates of ($1.79) by $0.39. Assurant had a return on equity of 3.55% and a net margin of 3.67%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the firm posted $1.00 EPS. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. equities research analysts predict that Assurant will post 3.69 earnings per share for the current year.

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.

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About Assurant

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).

Dividend History for Assurant (NYSE:AIZ)

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