Current Yield
1.91%
TTM Dividend/Share
$2.38
Payment Frequency
Quarterly
Payout Ratio
25.6%
Consecutive Growth Years
42 (Dividend Champion)
Track Aflac (AFL)'s dividend history, current yield, payout ratio, growth streak and safety score — with per-payment records and ex-dividend dates.
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
Current Yield
1.91%
TTM Dividend/Share
$2.38
Payment Frequency
Quarterly
Payout Ratio
25.6%
Consecutive Growth Years
42 (Dividend Champion)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 1.91% |
1-year average yield | 2.05%now 0.14 pp below |
3-year average yield | 1.97%now 0.06 pp below |
5-year average yield | 2.04%now 0.13 pp below |
AFL: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 17.6% |
FCF payout ratio | 11.3% |
Net debt / EBITDA | -1.0× |
Interest coverage | 19.92× |
ROIC (TTM) | 14.1% |
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
7 of 8 checks passed
Payout ratio below 75%
Payout ratio is 25.6%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $1.75B — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
42 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 11.3%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is -1.0×.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (15.7%) exceeds EPS growth (9.4%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
169 payments from 1984 to 2026 · Adj. Dividend is split-adjusted
| Aug 19, 2026 | Sep 1, 2026 | $0.6100 | $0.6100 |
| May 20, 2026 | Jun 1, 2026 | $0.6100 | $0.6100 |
| Feb 18, 2026 | Mar 2, 2026 | $0.6100 | $0.6100 |
| Nov 19, 2025 | Dec 1, 2025 | $0.5800 | $0.5800 |
| Aug 20, 2025 | Sep 2, 2025 | $0.5800 | $0.5800 |
| May 21, 2025 | Jun 2, 2025 | $0.5800 | $0.5800 |
| Feb 19, 2025 | Mar 3, 2025 | $0.5800 | $0.5800 |
| Nov 20, 2024 | Dec 2, 2024 | $0.5000 | $0.5000 |
| Aug 21, 2024 | Sep 2, 2024 | $0.5000 | $0.5000 |
| May 21, 2024 | Jun 3, 2024 | $0.5000 | $0.5000 |
| Feb 20, 2024 | Mar 1, 2024 | $0.5000 | $0.5000 |
| Nov 14, 2023 | Dec 1, 2023 | $0.4200 | $0.4200 |
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 2.05%5Y: 2.04%10Y: 2.11%
CAGR (per year)1Y: 16.00%5Y: 15.68%10Y: 11.37%↑ Accelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1984 | $0.00 | 2 |
| 1985 | $0.01 | 4 |
| 1986 | $0.01 | 4 |
| 1987 | $0.01 | 4 |
| 1988 | $0.02 | 4 |
| 1989 | $0.02 | 4 |
| 1990 | $0.02 | 4 |
| 1991 | $0.02 | 4 |
| 1992 | $0.03 | 4 |
| 1993 | $0.03 | 4 |
| 1994 | $0.04 | 4 |
| 1995 | $0.04 | 4 |
| 1996 | $0.05 | 4 |
| 1997 | $0.06 | 4 |
| 1998 | $0.06 | 4 |
| 1999 | $0.07 | 4 |
| 2000 | $0.08 | 4 |
| 2001 | $0.10 | 4 |
| 2002 | $0.12 | 4 |
| 2003 | $0.15 | 4 |
| 2004 | $0.19 | 4 |
| 2005 | $0.22 | 4 |
| 2006 | $0.28 | 4 |
| 2007 | $0.40 | 4 |
| 2008 | $0.48 | 4 |
| 2009 | $0.56 | 4 |
| 2010 | $0.57 | 4 |
| 2011 | $0.61 | 4 |
| 2012 | $0.67 | 4 |
| 2013 | $0.71 | 4 |
| 2014 | $0.75 | 4 |
| 2015 | $0.79 | 4 |
| 2016 | $0.83 | 4 |
| 2017 | $0.87 | 4 |
| 2018 | $1.04 | 4 |
| 2019 | $1.08 | 4 |
| 2020 | $1.12 | 4 |
| 2021 | $1.32 | 4 |
| 2022 | $1.60 | 4 |
| 2023 | $1.68 | 4 |
| 2024 | $2.00 | 4 |
| 2025 | $2.32 | 4 |
| 2026 | $1.83 | 3 |
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $2.3200 | — | — |
| 2025 | $2.0000 | $2.3200 | +16.0% |
| 2024 | $1.6800 | $2.0000 | +19.0% |
| 2023 | $1.6000 | $1.6800 | +5.0% |
| 2022 | $1.3200 | $1.6000 | +21.2% |
| 2021 | $1.1200 | $1.3200 | +17.9% |
| 2020 | $1.0800 | $1.1200 | +3.7% |
| 2019 | $1.0400 | $1.0800 | +3.8% |
| 2018 | $0.8700 | $1.0400 | +19.5% |
| 2017 | $0.8300 | $0.8700 | +4.8% |
| 2016 | $0.7900 | $0.8300 | +5.1% |
| 2015 | $0.7500 | $0.7900 | +5.3% |
| 2014 | $0.7100 | $0.7500 | +5.6% |
| 2013 | $0.6700 | $0.7100 | +6.0% |
| 2012 | $0.6150 | $0.6700 | +8.9% |
| 2011 | $0.5700 | $0.6150 | +7.9% |
| 2010 | $0.5600 | $0.5700 | +1.8% |
| 2009 | $0.4800 | $0.5600 | +16.7% |
| 2008 | $0.4000 | $0.4800 | +20.0% |
| 2007 | $0.2750 | $0.4000 | +45.5% |
| 2006 | $0.2200 | $0.2750 | +25.0% |
| 2005 | $0.1900 | $0.2200 | +15.8% |
| 2004 | $0.1500 | $0.1900 | +26.7% |
| 2003 | $0.1150 | $0.1500 | +30.4% |
| 2002 | $0.0963 | $0.1150 | +19.5% |
| 2001 | $0.0825 | $0.0963 | +16.7% |
| 2000 | $0.0725 | $0.0825 | +13.8% |
| 1999 | $0.0631 | $0.0725 | +14.9% |
| 1998 | $0.0556 | $0.0631 | +13.5% |
| 1997 | $0.0483 | $0.0556 | +15.1% |
| 1996 | $0.0421 | $0.0483 | +14.9% |
| 1995 | $0.0371 | $0.0421 | +13.5% |
| 1994 | $0.0323 | $0.0371 | +14.7% |
| 1993 | $0.0287 | $0.0323 | +12.8% |
| 1992 | $0.0247 | $0.0287 | +16.2% |
| 1991 | $0.0220 | $0.0247 | +12.1% |
| 1990 | $0.0193 | $0.0220 | +13.8% |
| 1989 | $0.0167 | $0.0193 | +16.0% |
| 1988 | $0.0150 | $0.0167 | +11.1% |
| 1987 | $0.0128 | $0.0150 | +16.9% |
| 1986 | $0.0107 | $0.0128 | +20.3% |
| 1985 | — | $0.0107 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.
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