A dividend increase of AFLAC
On February 4th, AFLAC Incorporated (AFL) announced a 3.7% increase in its quarterly dividend. Aflac raised its dividend from $0.27 to $0.28. The dividend pay date is March 2, 2020 to shareholders of record on February 19, 2020 (ex-dividend February 18, 2020). This is the 38th Consecutive Annual Increase.
CEO Daniel P. Amos stated:
“We are pleased with the company’s overall performance for the year. Total pretax adjusted earnings increased 2.5%, which is particularly impressive considering our extensive investments to drive future earned premium growth, which will remain a critical strategic focus for 2020. I am pleased with the Board’s decision to increase the dividend, coming off our 37th consecutive year of dividend increases and a recognition of the stability of our earnings and capital generation. It also demonstrates our commitment to rewarding our shareholders.”
The new dividend amount represents an annualized dividend amount of $1.12 per share, up from $1.08. At this moment the dividend yield on current price is 2.15%.
My Vrijheid Fonds consist of 48 shares of AFLAC, my annual dividends will increase by €1.48 ($1.63) after taxes.
My projected annual total amount (2020) from my shares of AFL will be €41.22 ($45.35) after taxes. This is my 9th dividend increase already in 2020 for my Vrijheid Fonds!!!
Although it is a small raise and I love it. It takes small steps to reach my goal. And this raise is such a small step. DGI at work!