Wednesday, August 19, 2020

Recent Buy - Aflac Incorporated (AFL)

 

Monday August 17th, I bought 75 shares of Aflac Incorporated at $ 37.77 per share plus commission.

 

 

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, income support, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products. The Aflac U.S. segment provides cancer, accident, short-term disability, critical illness, hospital indemnity, dental, vision, and term and whole life insurance products in the United States. It sells its products through sales associates, brokers, independent corporate agencies, individual agencies, and affiliated corporate agencies. The company was founded in 1955 and is headquartered in Columbus, Georgia.

 

 

AFL is a Dividend Champions with a 38 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 3.8, 9.2, 7.9 and 6.8. (DividendChampions.xls)

 

Aflac Incorporated now pays dividends of $ 0.28 per share normally in March, June, September and December.

 

 

 

 

Details of my purchase:

 

 

 

Some ratings for AFL:

 

    Yahoo: Mean Recommendation 3.3, 1y Target Est $ 40.89

    Reuters: Mean Rating 3.09

 

 

At today's exchange rate, that purchase 75 shares of AFL will increase € 52.60 ($ 62.58) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 14,960.00. With purchase price $ 37.77 plus commission ($ 5.94) my starting yield on cost is 2.96%. After this acquisition, AFL’s weight of my portfolio is about 0.47% and its share of future annual dividend income is approximately 0.35%. My purpose is to add more AFL to my portfolio if and when the share price falls.

 

Click here to see my portfolio.

 

Full Disclosure: Long AFL

 

Thanks for stopping by!

 

1 comment:

  1. That's a nice pick up. AFL is one of my largest holdings for many years. Low forward PE, nice yield and safe dividend. What's not to like?

    ReplyDelete

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