AFLAC Raises Its Dividend by 17.9%

After the closing bell, AFLAC (AFL) announced that it has increased its quarterly dividend from 28 cents to 33 cents per share.

Commenting on the announcement, Aflac Incorporated Chairman and Chief Executive Officer Daniel P. Amos said: “I am pleased with the Board’s action to increase the first quarter 2021 dividend. We treasure our record of 38 consecutive years of dividend increases, and we are looking to reward our shareholders by extending that track record in 2021. We remain committed to maintaining strong capital ratios on behalf of our policyholders and balance this financial strength with a focus on increasing the dividend, repurchasing shares and reinvesting in our business. Our dividend track record is supported by the strength of our capital and cash flows.”

The new dividend will be payable on March 1 to shareholders of record at the close of business on February 17.

Based on today’s closing price, the new yield works out to just over 3%.

Posted by on November 18th, 2020 at 4:58 pm


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