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

Key Points

• F&G Annuities & Life declared a $0.25 quarterly dividend, payable September 30 to shareholders of record on September 16. The dividend implies a $1.00 annualized payout and a 3.4% yield.
• The dividend appears well covered, with a current payout ratio of 17.5% and an expected future payout ratio of 23.2% based on projected earnings of $4.31 per share next year.
• F&G reported quarterly earnings of $0.65 per share, below analysts’ $0.78 consensus estimate, while revenue of $1.42 billion also fell short of the $1.49 billion forecast. Shares closed at $29.09, down $0.56.

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.25 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

F&G Annuities & Life has a payout ratio of 17.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect F&G Annuities & Life to earn $4.31 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 23.2%.

F&G Annuities & Life Price Performance

NYSE:FG traded down $0.56 on Thursday, reaching $29.09. 626,157 shares of the company's stock traded hands, compared to its average volume of 752,005. The stock has a 50-day simple moving average of $28.56 and a 200-day simple moving average of $27.10. F&G Annuities & Life has a 12 month low of $20.57 and a 12 month high of $36.70. The firm has a market cap of $3.85 billion, a PE ratio of 7.63 and a beta of 1.20. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.47.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.13). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.49 billion. F&G Annuities & Life had a return on equity of 10.73% and a net margin of 8.89%. Equities research analysts forecast that F&G Annuities & Life will post 3.66 earnings per share for the current year.

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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