Aflac (AFL) Dividend Payout Ratio : 0.32 (As of Dec. 2024)

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What is Aflac Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Aflac's Dividend Payout Ratio for the months ended in Dec. 2024 was 0.32.

The historical rank and industry rank for Aflac's Dividend Payout Ratio or its related term are showing as below:

AFL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.25 Max: 0.3
Current: 0.27

During the past 13 years, the highest Dividend Payout Ratio of Aflac was 0.30. The lowest was 0.23. And the median was 0.25.

AFL's Dividend Payout Ratio is ranked better than
65.09% of 318 companies
in the Insurance industry
Industry Median: 0.38 vs AFL: 0.27

As of today (2025-04-27), the Dividend Yield % of Aflac is 1.93%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Aflac was 4.04%. The lowest was 1.66%. And the median was 2.20%.

Aflac's Dividends per Share for the months ended in Dec. 2024 was $0.50.

During the past 12 months, Aflac's average Dividends Per Share Growth Rate was 19.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Aflac was 29.70% per year. The lowest was 5.10% per year. And the median was 14.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Aflac Dividend Payout Ratio Historical Data

The historical data trend for Aflac's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Aflac Dividend Payout Ratio Chart

Aflac Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dividend Payout Ratio

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0.23

0.30

0.27

Aflac Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.34	0.29	0.27	0.23	0.32

Competitive Comparison of Aflac's Dividend Payout Ratio

For the Insurance - Life subindustry, Aflac's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Aflac's Dividend Payout Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Aflac's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Aflac's Dividend Payout Ratio falls into.

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Aflac Dividend Payout Ratio Calculation

Aflac's Dividend Payout Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2024 )	/	EPS without NRI (A: Dec. 2024 )
	=	2	/	7.39
	=	0.27

Aflac's Dividend Payout Ratio for the quarter that ended in Dec. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2024 )	/	EPS without NRI (Q: Dec. 2024 )
	=	0.5	/	1.56
	=	0.32

Aflac (NYSE:AFL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Aflac Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Aflac's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Aflac Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (NYSE:AFL) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

0H68:UK AFL:Germany AFL:Germany AFL:Germany AFL:Germany

Address

1932 Wynnton Road, Columbus, GA, USA, 31999

Website

https://www.aflac.com

Aflac Inc offers supplemental health insurance and life insurance in the United States and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, dental and vision, disability, and long-term-care insurance. It markets its products through independent distributors, selling the majority of its policies directly to consumers at their places of work, and also reaches out to its customers outside of their worksite through digital mediums. The company has two reportable business segments; Aflac Japan which generates the majority of the revenue, and Aflac U.S.

Executives

Lake Charles D Ii	officer: President AFLAC Japan	AFLAC INC, 1932 WYNNTON RD, COLUMBUS GA 31999
Masatoshi Koide	officer: Deputy President, Aflac Japan	1932 WYNNTON RD, COLUMBUS GA 31999
Joseph L Moskowitz	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Audrey B Tillman	officer: Executive Vice President	1932 WYNNTON RD, COLUMBUS GA 31999
Thomas J Kenny	director	FRANKLIN RESOURCES INC, 901 MARINERS ISLAND BLVD 6TH FLOOR, SAN MATEO CA 94404
Albert Riggieri	officer: SVP, Corporate Actuary	1932 WYNNTON RD, COLUMBUS GA 31999
Arthur Reginald Collins	director	3911 LORCOM LANE, ARLINGTON VA 22207
Karole Lloyd	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
William P Bowers	director	600 NORTH 18TH STREET, BIN 15N-8170, BIRMINGHAM AL 35203
Barbara K Rimer	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Steven Kent Beaver	officer: SVP, CFO, Aflac US	1932 WYNNTON ROAD, COLUMBUS GA 31999
June P Howard	officer: Sr. Vice President	1932 WYNNTON RD, COLUMBUS GA 31999
Frederick John Crawford	officer: EVP, Chief Financial Officer	AFLAC INCORPORATED, COLUMBUS GA 31999
Simard Frederic Jean Guy	officer: SVP, CFO, Aflac U.S.	1932 WYNNTON ROAD, COLUMBUS GA 31999
James Todd Daniels	officer: Sr. Vice President	1932 WYNNTON ROAD, COLUMBUS GA 31999