F&G Annuities & Life, Inc. (NYSE:FG) Announces Quarterly Dividend of $0.25

Key Points

• F&G Annuities & Life declared a quarterly dividend of $0.25 per share payable June 30 to shareholders of record June 16, implying a 3.7% annualized yield.
• The company reported Q1 EPS of $0.82, missing the consensus of $1.29, with a net margin of 4.62% and return on equity of 10.48%.
• The dividend appears well covered with a payout ratio of 17.5%; the stock recently traded near $27.07, with a P/E of about 14.8 and a market cap of roughly $3.6 billion.

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 16th will be given a dividend of 0.25 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, June 16th.

F&G Annuities & Life has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings.

F&G Annuities & Life Stock Performance

FG traded down $2.40 during trading on Thursday, hitting $27.07. 960,355 shares of the stock were exchanged, compared to its average volume of 707,398. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.45. F&G Annuities & Life has a 1-year low of $20.57 and a 1-year high of $36.70. The stock has a fifty day moving average price of $24.92 and a two-hundred day moving average price of $28.34. The firm has a market capitalization of $3.60 billion, a P/E ratio of 14.79 and a beta of 1.28.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.47). F&G Annuities & Life had a net margin of 4.62% and a return on equity of 10.48%.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc NYSE: FG, a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.

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