Fidelity and Guaranty Life (FGL) Declares Quarterly Dividend of $0.07

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 0.83%. The ex-dividend date is Friday, November 24th.

Fidelity and Guaranty Life has a dividend payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelity and Guaranty Life to earn $2.72 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 9.6%.

Shares of Fidelity and Guaranty Life (NYSE:FGL) opened at $31.20 on Friday. Fidelity and Guaranty Life has a 1 year low of $22.85 and a 1 year high of $31.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a market cap of $1,817.00, a price-to-earnings ratio of 11.78 and a beta of 0.88.

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A number of equities research analysts have recently issued reports on FGL shares. BidaskClub downgraded shares of Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. ValuEngine raised shares of Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th.

Fidelity and Guaranty Life Company Profile

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.

Dividend History for Fidelity and Guaranty Life (NYSE:FGL)

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