Trailing Dividend / Share
$2.25
Aflac Incorporated (AFL) Dividend History
Income profile from 1984 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
2.0%
Payout Ratio
32.9%
Sustainable
Dividend Streak
42 years
AFL Dividend Income Check
Safety
32.9% payout ratio with sustainable safety profile.
Consistency
42 straight years of dividend increases.
Income Trend
Yield on cost is 5.4% and trend is rising.
AFL Dividend Scorecard
Yield & Income
Dividend Yield2.0%
Trailing DPS$2.25
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout32.9%
Earnings SafetySustainable
FCF Payout45.4%
FCF SafetyWell Covered
Piotroski F-Score4/9
Growth
Growth Streak42 years
3Y CAGR13.2%
5Y CAGR15.7%
Yield on Cost (5Y)5.4%
YOC Trendrising
Total Returns
Buyback Yield5.9%
Total Shareholder Yield7.9%
1Y Total Return14.8%
5Y Total Return139.9%
Div Contribution (5Y)18.2%
Estimated $10K growth (return + dividends):
5Y ago$23,99210Y ago$37,30020Y ago$58,826
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.
AFL Income Growth Story
Dividend per share and yield on cost over time (43 years of payments)
AFL Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
Dividend Analysis
Payout Safety
Aflac Incorporated distributes 32.9% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 45.4%, rated "Well Covered".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
AFL has raised its dividend for 42 consecutive years, with a 3-year CAGR of 13.2% and 5-year CAGR of 15.7%.
Total Shareholder Returns
Beyond cash dividends, AFL returns capital through share repurchases. The combined picture: 2.0% dividend yield, 5.9% buyback yield, 7.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.4% and is currently rising. The 5-year total return is 139.9%, with dividends contributing 18.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $37,300 today.
AFL Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$9.48
Avg/Payment$0.4740
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 20, 2026Latest | $0.6100 | — | 2.03% | Jun 1, 2026 |
| Feb 18, 2026 | $0.6100 | ↑ +5.2% | 2.07% | Mar 2, 2026 |
| Nov 19, 2025 | $0.5800 | — | 2.12% | Dec 1, 2025 |
| Aug 20, 2025 | $0.5800 | — | 2.08% | Sep 2, 2025 |
| May 21, 2025 | $0.5800 | — | 2.09% | Jun 2, 2025 |
| Feb 19, 2025 | $0.5800 | ↑ +16.0% | 1.99% | Mar 3, 2025 |
| Nov 20, 2024 | $0.5000 | — | 1.81% | Dec 2, 2024 |
| Aug 21, 2024 | $0.5000 | — | 1.82% | Sep 2, 2024 |
AFL Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
2.0%
#6 of 8
Safety
Sustainable
32.9% payout
Streak
42Y
15.7% 5Y CAGR
Total Shareholder
7.9%
#5 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| AFLAflac Incorporated | $59.5B | 2.0% | 32.9% | 42 | Sustainable |
2nd  METMetLife, Inc. | $55.8B | 2.7% | 44.7% | 13 | Sustainable |
1st  PRUPrudential Financial… | $37.1B | 5.2% | 53.9% | 17 | Sustainable |
 UNMUnum Group | $14.5B | 2.0% | 41.5% | 17 | Sustainable |
 CNOCNO Financial Group,… | $4.8B | 1.3% | 28.9% | 14 | Sustainable |
 GLGlobe Life Inc. | $13.4B | 0.6% | 7.4% | 14 | Sustainable |
 CICigna Corporation | $73.6B | 2.2% | 27.0% | 5 | Sustainable |
3rd  EQHEquitable Holdings, … | $12.8B | 2.3% | — | 8 | Unknown |
AFL Annual Dividend History (1984–2026)
43 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.22 | — | 2 | — | — | — | 2.8% |
| 2025 | $2.32 | 16.0% | 4 | $6.83 | 34.0% | 2.94x | 5.4% |
| 2024 | $2.00 | 19.0% | 4 | $9.63 | 20.8% | 4.82x | 4.6% |
| 2023 | $1.68 | 5.0% | 4 | $7.78 | 21.6% | 4.63x | 3.9% |
| 2022 | $1.60 | 21.2% | 4 | $6.93 | 23.1% | 4.33x | 3.7% |
| 2021 | $1.32 | 17.9% | 4 | $6.39 | 20.7% | 4.84x | 3.1% |
| 2020 | $1.12 | 3.7% | 4 | $6.67 | 16.8% | 5.96x | 2.6% |
| 2019 | $1.08 | 3.8% | 4 | $4.43 | 24.4% | 4.10x | 2.5% |
| 2018 | $1.04 | 19.5% | 4 | $3.77 | 27.6% | 3.63x | 2.4% |
| 2017 | $0.87 | 4.8% | 4 | $5.48 | 15.9% | 6.30x | 2.0% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into AFL consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
42+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
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AFL — Frequently Asked Questions
Quick answers to the most common questions about buying AFL stock.
How much dividend does AFL pay per share?
Aflac Incorporated (AFL) pays a trailing 12-month dividend of $2.25 per share, with a current dividend yield of +2.0%. Payments are made Semi-Annual.
When is AFL's next ex-dividend date?
AFL's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. AFL typically pays dividends Semi-Annual.
Is AFL's dividend safe?
AFL's dividend safety is rated "Sustainable" based on an earnings payout ratio of +32.9% and FCF payout ratio of +45.4%. With 42 consecutive years of dividend growth, the track record supports sustainability.
Is AFL a Dividend Aristocrat?
Yes, Aflac Incorporated is classified as a Dividend Aristocrat with 42 consecutive years of dividend increases. The 5-year dividend CAGR is +15.7%, demonstrating above-inflation dividend growth.
How often does AFL pay dividends?
Aflac Incorporated pays dividends Semi-Annual. The trailing 12-month total is $2.25 per share. Dividend data on this page covers 42+ years from 1984 to 2026.
How much would $10,000 invested in AFL grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in AFL five years ago would be worth approximately $23,992 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is AFL's yield on cost for long-term holders?
AFL's yield on cost — the current dividend divided by the original purchase price — is +5.4% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +2.0% market yield, thanks to consistent dividend growth.