American Financial Group, Inc. (NYSE:AFG) Declares Quarterly Dividend of $0.80

American Financial Group, Inc. (NYSE:AFG - Get Free Report) declared a quarterly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.80 per share by the insurance provider on Friday, October 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Tuesday, October 15th. This is a boost from American Financial Group's previous quarterly dividend of $0.71.

American Financial Group has increased its dividend payment by an average of 12.0% annually over the last three years and has increased its dividend annually for the last 18 consecutive years. American Financial Group has a dividend payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Financial Group to earn $11.70 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 24.3%.

American Financial Group Trading Down 0.4 %

Shares of American Financial Group stock traded down $0.56 on Wednesday, reaching $134.78. The company had a trading volume of 275,351 shares, compared to its average volume of 342,082. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 12.90 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The firm's 50-day moving average price is $131.33 and its two-hundred day moving average price is $129.45. American Financial Group has a 1 year low of $105.22 and a 1 year high of $137.95.

American Financial Group (NYSE:AFG - Get Free Report) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The firm had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter in the previous year, the business earned $2.38 EPS. The company's quarterly revenue was up 3.3% on a year-over-year basis. As a group, research analysts predict that American Financial Group will post 10.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut American Financial Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $144.00 to $137.00 in a report on Friday, June 28th.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.