Assurant, Inc. (NYSE:AIZ) announced a quarterly dividend on Friday, January 19th, RTT News reports. Investors of record on Monday, February 26th will be given 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 by an average of 26.6% annually over the last three years and has increased its dividend every year for the last 14 years. Assurant has a dividend 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%.
Shares of Assurant (NYSE:AIZ) opened at $94.08 on Friday. Assurant has a 12 month low of $86.00 and a 12 month high of $106.99. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4,957.98, a price-to-earnings ratio of 22.51, a P/E/G ratio of 0.65 and a beta of 0.78.
Assurant (NYSE:AIZ) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) earnings per share 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 business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. equities analysts expect that Assurant will post 3.69 earnings per share for the current year.
Separately, SunTrust Banks restated a “buy” rating and issued a $115.00 price target on shares of Assurant in a research note on Thursday, October 12th.
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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).
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