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.
TRADEMARK VIOLATION WARNING: This story was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://stocknewstimes.com/2017/11/11/fidelity-and-guaranty-life-fgl-declares-quarterly-dividend-of-0-07.html.
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.
Receive News & Ratings for Fidelity and Guaranty Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity and Guaranty Life and related companies with MarketBeat.com's FREE daily email newsletter.