April 22, 2026 a 02:46 am
AIZ: Dividend Analysis - Assurant, Inc.
Assurant, Inc. presents an interesting proposition for dividend-focused investors. With a current dividend yield slightly below 1%, the company may not offer the most attractive immediate income. However, with over two decades of dividend history and consistency, it holds potential for stability and moderate growth. Its low payout ratios suggest a conservative approach to dividends, enhancing its financial resilience.
📊 Overview
Assurant, Inc. is in the Financial sector, known for its stable returns. The company's dividend strategy reflects financial discipline, with a yield of approximately 0.80% and a dividend per share of $3.34. The 23 years of uninterrupted dividend history underscore its commitment to returning value to shareholders. Notably, the company hasn't witnessed any dividend cuts or suspensions recently, portraying robust cash flow management.
| Metric | Value |
|---|---|
| Sector | Financial |
| Dividend Yield | 0.80% |
| Current Dividend Per Share | 3.34 USD |
| Dividend History | 23 years |
| Last Cut or Suspension | None |
🗣️ Dividend History
The historical dividend data serves as an indicator of Assurant, Inc.'s long-term stability and shareholder commitment. With annual increases, it displays resilience and strategic forethought to maintain investor interest and confidence.
| Year | Dividend Per Share (USD) |
|---|---|
| 2026 | 0.88 |
| 2025 | 3.28 |
| 2024 | 2.96 |
| 2023 | 2.82 |
| 2022 | 2.74 |
📈 Dividend Growth
The dividend growth over the recent years reflects moderate but consistent increases. With a 3-year growth at approximately 6.18% and a 5-year growth averaging around 5.16%, Assurant, Inc. shows a pattern of prudent escalation ensuring sustainability and shareholder satisfaction.
| Time | Growth |
|---|---|
| 3 years | 6.18% |
| 5 years | 5.16% |
The average dividend growth is 5.16% over 5 years. This shows moderate but steady dividend growth.
⚠️ Payout Ratio
Assurant, Inc.'s payout ratio data is crucial to evaluate its capacity to sustain and enhance dividend payments. The EPS-based payout ratio at 19.19% and FCF-based payout ratio at 10.39% suggest a buffer and room for potential dividend hikes or reinvestment in business growth.
| Key Figure | Ratio |
|---|---|
| EPS-based | 19.19% |
| Free cash flow-based | 10.39% |
The low payout ratios indicate a conservative dividend policy, highlighting Assurant's sustainable growth potential and financial health.
✅ Cashflow & Capital Efficiency
The metrics provided show the company's effectiveness in generating cash flow and managing capital investments. Efficient capital allocation supports dividend payouts and potential expansions. Considering factors like Free Cash Flow Yield and CAPEX ratios, Assurant, Inc. is well-positioned for consistent cash flow generation.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Free Cash Flow Yield | 13.15% | 9.98% | 10.39% |
| Earnings Yield | 7.18% | 6.83% | 7.13% |
| CAPEX to Operating Cash Flow | 12.84% | 16.61% | 17.79% |
| Stock Compensation to Revenue | 0.47% | 0.68% | 0.67% |
| Free Cash Flow/Operating Cash Flow Ratio | 87.16% | 83.39% | 82.21% |
Stable cash flow ratios reflect effective capital use and potential for continued shareholder remuneration.
📉 Balance Sheet & Leverage Analysis
The balance sheet analysis underscores the company's leverage and solvency positions. A thorough understanding of such metrics hints at Assurant's ability to meet financial obligations without over-leveraging its resources.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Debt-to-Equity | 0.38 | 0.41 | 0.43 |
| Debt-to-Assets | 0.06 | 0.06 | 0.06 |
| Debt-to-Capital | 0.27 | 0.29 | 0.30 |
| Net Debt to EBITDA | 0.26 | 0.22 | 0.41 |
| Current Ratio | 0.55 | 0.79 | 0.54 |
| Quick Ratio | 0.55 | 0.79 | 0.54 |
| Financial Leverage | 6.18 | 6.86 | 6.99 |
While the company's debt levels appear manageable, the moderate leverage indicates prudent financial strategies.
📊 Fundamental Strength & Profitability
High returns on equity and assets are indicative of Assurant, Inc.'s effective management and operational excellence. Profit margin data provides insight into its competitive position and efficiency in converting revenue to profits.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Return on Equity | 14.86% | 14.89% | 13.36% |
| Return on Assets | 2.40% | 2.17% | 1.91% |
| Net Margin | 6.81% | 6.40% | 5.77% |
| EBIT Margin | 9.34% | 8.71% | 8.22% |
| EBITDA Margin | 11.29% | 10.59% | 9.98% |
| Gross Margin | 77.15% | 76.71% | 77.35% |
| R&D to Revenue | 0% | 0% | 0% |
Strong profitability ratios denote robust income generation capabilities, supporting continued shareholder returns.
📈 Price Development
🏆 Dividend Scoring System
| Category | Score | Bar |
|---|---|---|
| Dividend Yield | 3 | |
| Dividend Stability | 4 | |
| Dividend Growth | 4 | |
| Payout Ratio | 5 | |
| Financial Stability | 4 | |
| Dividend Continuity | 4 | |
| Cashflow Coverage | 4 | |
| Balance Sheet Quality | 3 |
Total Score: 31/40
📉 Rating
Assurant, Inc. presents a mixed but promising profile for dividend investors. The company's strong payout and low leverage demonstrate a proficient management. While the dividend yield is modest, the growth and stability offer potential long-term rewards. This makes Assurant, Inc. an attractive option for conservative investors seeking steady income along with capital appreciation potential.
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