American Financial Group, Inc. (AFG) Dividend History
Income profile from 1986 to 2026 with payout safety and yield-on-cost trend
AFG Dividend Income Check
Safety
72.0% payout ratio with watch safety profile.
Consistency
12 straight years of dividend increases.
Income Trend
Yield on cost is 8.5% and trend is rising.
AFG Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
AFG Income Growth Story
Dividend per share and yield on cost over time (41 years of payments)
AFG Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
American Financial Group, Inc. distributes 72.0% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 41.4%, rated "Well Covered".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
AFG has raised its dividend for 12 consecutive years, with a 3-year CAGR of -20.2% and 5-year CAGR of 13.6%.
Total Shareholder Returns
Beyond cash dividends, AFG returns capital through share repurchases. The combined picture: 5.5% dividend yield, 0.9% buyback yield, 6.4% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 8.5% and is currently rising. The 5-year total return is 55.7%, with dividends contributing 45.8% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $31,098 today.
AFG Recent Dividend Payments
Last 20 payments · Quarterly
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Apr 15, 2026Latest | $0.8800 | ↓ -41.3% | 5.31% | Apr 24, 2026 |
| Feb 13, 2026 | $1.5000 | ↑ +70.5% | 6.87% | Feb 25, 2026 |
| Jan 15, 2026 | $0.8800 | ↓ -56.0% | 5.58% | Jan 27, 2026 |
| Nov 17, 2025 | $2.0000 | ↑ +127.3% | 5.24% | Nov 26, 2025 |
| Oct 15, 2025 | $0.8800 | ↑ +10.0% | 6.80% | Oct 24, 2025 |
| Jul 15, 2025 | $0.8000 | — | 7.30% | Jul 25, 2025 |
| Apr 15, 2025 | $0.8000 | ↓ -60.0% | 7.17% | Apr 25, 2025 |
| Mar 17, 2025 | $2.0000 | ↑ +150.0% | 6.57% | Mar 28, 2025 |
AFG Dividend vs Peers
Comparable companies in the same industry
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
1st | $11.0B | 5.5% | 72.0% | 12 | Watch |
3rd | $23.1B | 2.6% | — | 6 | Unknown |
2nd | $4.9B | 4.9% | 59.9% | 37 | Sustainable |
| $35.3B | 1.6% | 15.4% | 13 | Sustainable | |
| $25.2B | 2.6% | 39.4% | 1 | Sustainable | |
| $26.5B | 2.0% | 21.9% | 38 | Sustainable | |
| $10.2B | 2.2% | 45.5% | 9 | Sustainable | |
| $39.7B | 2.3% | 31.5% | 3 | Sustainable | |
| $66.6B | 1.4% | 15.6% | 20 | Sustainable |
AFG Annual Dividend History (1983–2026)
44 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $3.26 | — | 3 | — | — | — | 3.8% |
| 2025 | $7.28 | -22.8% | 6 | — | — | — | 8.5% |
| 2024 | $9.43 | 16.4% | 6 | — | — | — | 11.1% |
| 2023 | $8.10 | -43.4% | 6 | — | — | — | 9.5% |
| 2022 | $14.31 | -49.0% | 7 | $10.53 | 135.9% | 0.74x | 16.8% |
| 2021 | $28.06 | 628.8% | 9 | $23.30 | 120.4% | 0.83x | 32.9% |
| 2020 | $3.85 | -22.2% | 5 | $8.21 | 46.9% | 2.13x | 4.5% |
| 2019 | $4.95 | 11.2% | 6 | $9.86 | 50.2% | 1.99x | 5.8% |
| 2018 | $4.45 | -7.0% | 6 | $5.85 | 76.1% | 1.31x | 5.2% |
| 2017 | $4.79 | 122.4% | 6 | $5.28 | 90.7% | 1.10x | 5.6% |
Full Stock Analysis
Deep dive into AFG consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
40+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AFG — Frequently Asked Questions
Quick answers to the most common questions about buying AFG stock.
How much dividend does AFG pay per share?
American Financial Group, Inc. (AFG) pays a trailing 12-month dividend of $7.26 per share, with a current dividend yield of +5.5%. Payments are made Quarterly.
When is AFG's next ex-dividend date?
AFG's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. AFG typically pays dividends Quarterly.
Is AFG's dividend safe?
AFG's dividend safety is rated "Watch" based on an earnings payout ratio of +72.0% and FCF payout ratio of +41.4%. With 12 consecutive years of dividend growth, the track record supports sustainability.
Is AFG a Dividend Achiever?
Yes, American Financial Group, Inc. is classified as a Dividend Achiever with 12 consecutive years of dividend increases. The 5-year dividend CAGR is +13.6%, demonstrating above-inflation dividend growth.
How often does AFG pay dividends?
American Financial Group, Inc. pays dividends Quarterly. The trailing 12-month total is $7.26 per share. Dividend data on this page covers 40+ years from 1986 to 2026.
How much would $10,000 invested in AFG grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in AFG five years ago would be worth approximately $15,567 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is AFG's yield on cost for long-term holders?
AFG's yield on cost — the current dividend divided by the original purchase price — is +8.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +5.5% market yield, thanks to consistent dividend growth.