Assurant, Inc. (NYSE:AIZ) Plans Quarterly Dividend of $0.88

Assurant, Inc. (NYSE:AIZ) announced a quarterly dividend on Thursday, August 13th. Investors of record on Monday, August 31st will be paid a dividend of 0.88 per share by the financial services provider on Monday, September 28th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 31st.

Assurant has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Assurant has a payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Assurant to earn $23.12 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 15.2%.

Assurant Trading Down 0.0%

Shares of Assurant stock opened at $281.06 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market capitalization of $13.86 billion, a P/E ratio of 13.42 and a beta of 0.55. Assurant has a 1 year low of $205.01 and a 1 year high of $303.94. The company’s fifty day moving average is $273.31 and its two-hundred day moving average is $245.91.

Assurant (NYSE:AIZ) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $1.24. Assurant had a net margin of 7.90% and a return on equity of 20.40%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the company earned $5.56 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. Analysts forecast that Assurant will post 21.61 earnings per share for the current year.

Assurant Company Profile

Assurant, Inc is a global provider of risk management products and services, specializing in the housing and lifestyle markets. The company offers insurance and related products designed to help consumers protect their homes, personal belongings, and electronic devices. Its core offerings include renters insurance, manufactured housing finance, flood insurance, mobile device protection plans, and extended service contracts for appliances and electronics.

Within its Global Housing segment, Assurant partners with mortgage lenders, financial institutions and government agencies to deliver specialty insurance and risk mitigation services.