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sagitarius84 (< 20)

Is Aflac (AFL) a Buy at Current Prices?

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November 04, 2013 – Comments (2) | RELATED TICKERS: AFL

(via www.dividendgrowthinvestor.com)

 Aflac Incorporated (AFL), through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. Over the past week, insurer Aflac (AFL) increased quarterly distributions by 5.70% to 37 cents/share. This marked the 31st consecutive annual dividend increase for thisdividend champion. This increase for roughly in line with the 6.10% dividend increase in 2012.

Over the past decade, this dividend champion has managed to boost distributions by 19.30% per year. Over the past five years however, the growth rate has decreased to 10.90%./year.

 

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2 Comments – Post Your Own

#1) On November 04, 2013 at 10:22 AM, sagitarius84 (< 20) wrote:

Aflac trades at a P/E of 10, but yields only 2.30%. I would consider the stock on dips below $59/share. What is your opinion on the stock?

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#2) On November 05, 2013 at 2:59 AM, vietpdx (< 20) wrote:

I love this stock!

The only thing to watch out for is the exchange rate between the yen and the dollar, since they do a lot of their business in Japan. If the dollar gets stronger against the yen (which is what Japan is aiming to do), then earnings will be depressed for a while.

 That being said, the dividend is very sustainable and the core of the business is solid. I expect a few earnings misses and lowered guidance. But other than that, I believe the dip in price provides an excellent buying opportunity.

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