Aflac Inc (AFL) Dividend Analysis
Comprehensive dividend yield, safety, growth, and income analysis for AFL.
Aflac Inc (AFL) pays a solid 2.01% dividend yield, or $2.44 per share annually at a stock price of $121.45. 40 consecutive years of dividend increases — qualifying as a Dividend Aristocrat (25+ years). The payout ratio of 26% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 3.8x. Dividend growth is slowing — the 3-year CAGR of 13.2% trails the 5-year rate of 14.3% and the 10-year rate of 14.5%. The most recent ex-dividend date was August 19, 2026.
Dividend Overview
Aflac Inc (AFL) pays a solid 2.01% dividend yield, or $2.44 per share annually at a stock price of $121.45. AFL has increased its dividend for 40 consecutive years.
Dividend Safety
The payout ratio of 26% is well within sustainable levels, leaving room for future increases.
DRIP Projection
$10,000 invested in AFL with dividends reinvested would grow to approximately $14,705 after 10 years, generating roughly $1,124/year in dividend income. This projection assumes the current 2.01% yield and a 14.3% annual dividend growth rate with all dividends reinvested.
| Year | Portfolio Value | Annual Income | Total Return |
|---|---|---|---|
| Year 1 | $10,201 | $234 | +2% |
| Year 5 | $11,409 | $447 | +14% |
| Year 10 | $14,705 | $1,124 | +47% |
| Year 15 | $23,847 | $3,557 | +138% |
| Year 20 | $58,799 | $17,112 | +488% |
Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.
Payment Schedule
You must own shares before the ex-dividend date to receive the upcoming payment. Payment typically arrives 2-4 weeks after the ex-date.
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