Fidelity and Guaranty Life (NYSE:FGL) announced a quarterly dividend on Friday, November 10th, Wall Street Journal reports. Stockholders of record on Monday, November 27th will be paid a dividend of 0.065 per share by the financial services provider on Monday, December 11th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, November 24th.
Fidelity and Guaranty Life has a payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity and Guaranty Life to earn $2.95 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 8.8%.
Fidelity and Guaranty Life (NYSE FGL) remained flat at $$31.10 during midday trading on Monday. The stock had a trading volume of 579,200 shares, compared to its average volume of 368,308. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. Fidelity and Guaranty Life has a 1 year low of $23.20 and a 1 year high of $31.70. The stock has a market capitalization of $1,830.00, a PE ratio of 10.26 and a beta of 0.88.
Fidelity and Guaranty Life (NYSE:FGL) last released its quarterly earnings results on Wednesday, November 15th. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.65 by $0.43. The business had revenue of $435.00 million for the quarter, compared to analyst estimates of $319.00 million. Fidelity and Guaranty Life had a net margin of 14.57% and a return on equity of 8.83%. The company’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 earnings per share. analysts expect that Fidelity and Guaranty Life will post 2.72 EPS for the current year.
Separately, ValuEngine downgraded shares of Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st.
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About Fidelity and Guaranty Life
Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets.
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