F&G Annuities & Life, Inc. (NYSE:FG) Declares $0.22 Quarterly Dividend

F&G Annuities & Life, Inc. (NYSE:FG) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.22 per share on Monday, March 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 17th.

F&G Annuities & Life has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect F&G Annuities & Life to earn $6.10 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 14.4%.

F&G Annuities & Life Stock Performance

FG stock traded down $3.94 during mid-day trading on Friday, reaching $40.08. 187,343 shares of the stock traded hands, compared to its average volume of 68,886. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life has a 52 week low of $34.90 and a 52 week high of $50.75. The business has a 50-day moving average of $43.37 and a two-hundred day moving average of $43.27. The firm has a market capitalization of $5.05 billion, a PE ratio of 8.26 and a beta of 1.66.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities analysts predict that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays increased their target price on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th.

About F&G Annuities & Life

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.