Does Aflac (AFL) pay a dividend?
Yes. Aflac (AFL) pays a dividend: $2.40 per share over the last twelve months, a dividend yield of 1.89% at the latest close.
It has raised its dividend per share for at least 18 years in a row (every year of the history we hold), growing at 15.7% a year over the last 5 years. The payout takes about 24.6% of earnings.
Based on TTM and annual data · Not a buy/sell signal
Score Breakdown
Safety
40% of composite
Growth
35% of composite
Income
25% of composite
Composite = Safety (50) × 0.40 + Growth (100) × 0.35 + Income (45) × 0.25 = 66
Dividend Safety
Earnings Payout
24.6%
FCF Payout
–
FCF Coverage
–
Dividend Growth
Per Share (TTM)
$2.40
Growth Streak
18+ years
5Y CAGR
15.7%
Dividend history
| Fiscal year | Per share | Change |
|---|---|---|
| 2025 | $2.32 | +16.0% |
| 2024 | $2.00 | +19.0% |
| 2023 | $1.68 | +5.0% |
| 2022 | $1.60 | +21.2% |
| 2021 | $1.32 | +17.9% |
| 2020 | $1.12 | +3.7% |
| 2019 | $1.08 | +5.5% |
| 2018 | $1.02 | +23.6% |
| 2017 | $0.83 | +4.2% |
| 2016 | $0.79 | +5.0% |
Newest 10 of 19 fiscal years; the chart above has the full series. Each payment counts toward the fiscal year it is paid for, so a final dividend paid in spring belongs to the year before. Figures are adjusted for stock splits, so a fall is a cut.
Computed from SEC filings. Ex-dividend and payment dates are not part of those filings, so they are not shown here. This is analysis, not investment advice.
Dividend Income
Annual DPS (TTM)
$2.40
Annual Income / $10K
$189
Payment frequency, ex-dividend and payment dates are not available from SEC filings. Check your broker or the company's investor relations page for the schedule.
Yield History
Aflac (AFL) dividend: yield, safety and growth
Frequently asked
Does Aflac (AFL) pay a dividend, and how much?+
Yes, Aflac pays a regular dividend of about $2.40 per share per year (a yield of roughly 1.9%). That is a payout ratio of about 24.6% of earnings, so it is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and cash flow cover the payout, not the percentage alone. The full payout history and per-share figures are on this dividends tab.
Is Aflac's dividend safe?+
Aflac's dividend looks amply covered by earnings. Intrinsiqq scores its dividend safety at 50 out of 100, weighing the payout ratio, free-cash-flow coverage and balance-sheet strength. Safety matters more than yield: a payout you can rely on beats a high one you cannot.
Has Aflac grown its dividend?+
Aflac has raised its dividend for at least 18 years in a row, the full span of the dividend history we hold. Over the past five years the dividend has grown at roughly 15.7% a year. Consistent growth is one of the strongest signals of a durable, shareholder-friendly business, so read the streak alongside coverage on this tab.
What is Aflac's dividend payout ratio?+
Aflac pays out about 24.6% of its earnings as dividends. A lower payout ratio leaves more room to keep raising the dividend and to absorb a bad year, while a very high ratio can signal a payout under pressure. On this measure the dividend is amply covered by earnings. See the dividend-safety breakdown for the free-cash-flow view, which is often more telling than earnings.
SourceDividend analysis computed from the 10-Q filed 28 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 2 Oct 2026. How this is calculated.
Fiscal year ends Dec. Earnings payout = dividends / net income. FCF payout = dividends / FCF. Yield = TTM DPS / price.
Peers
Accident & Health Insurance · Pick stocks to compare with AFL
Held by ETFs
AFL is in 276 US ETFs. The largest of them, with AFL's weight in each:
Spot a number that looks wrong? Check it in AFL's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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