Another week, another raise... a guy can really get used to this. AFLAC (
AFL), the supplemental health and life insurance company, increased its quarterly dividend 6.1% to $0.35 per share. The dividend is payable on December 3, 2012, to shareholders of record at the close of business on November 14, 2012. The yield based on the new payout is 2.8%
Now I'm not one to look a gift horse in the mouth, but I have to admit I'm a little disappointed in the size of this increase. Based on the very low free cash flow payout ratio of 6% and latest quarter's debt to total capital of only 21%, AFL could have easily increased the dividend by double digit percentages.
