FBL Financial Group (NYSE:FFG) announced a quarterly dividend on Thursday, November 15th, Wall Street Journal reports. Investors of record on Friday, December 14th will be given a dividend of 0.46 per share by the financial services provider on Monday, December 31st. This represents a $1.84 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, December 13th.

FBL Financial Group has raised its dividend payment by an average of 7.9% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. FBL Financial Group has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect FBL Financial Group to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 37.2%.

FFG stock traded up $0.32 during midday trading on Friday, reaching $67.97. The company’s stock had a trading volume of 13,181 shares, compared to its average volume of 16,450. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.08. FBL Financial Group has a 1 year low of $64.00 and a 1 year high of $85.70. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 15.73 and a beta of 0.91.

FBL Financial Group (NYSE:FFG) last released its earnings results on Thursday, November 1st. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. FBL Financial Group had a return on equity of 9.24% and a net margin of 26.31%. The business had revenue of $188.11 million for the quarter, compared to analyst estimates of $185.05 million. Research analysts expect that FBL Financial Group will post 4.85 EPS for the current year.

Separately, Zacks Investment Research raised FBL Financial Group from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Wednesday, November 21st.

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FBL Financial Group Company Profile

FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.

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Dividend History for FBL Financial Group (NYSE:FFG)

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