F&G Annuities & Life, Inc. (FG) to Issue Quarterly Dividend of $0.22 on March 31st

F&G Annuities & Life, Inc. (NYSE:FG) declared a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be paid 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 is Monday, March 17th.

F&G Annuities & Life has a dividend payout ratio of 13.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 9.0 %

Shares of NYSE:FG opened at $40.08 on Friday. F&G Annuities & Life has a 1 year low of $34.90 and a 1 year high of $50.75. The company has a market cap of $5.05 billion, a PE ratio of 8.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s 50-day moving average is $43.37 and its 200 day moving average is $43.30.

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

Wall Street Analyst Weigh In

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

F&G Annuities & Life Company Profile

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.