Aflac (AFL) Dividend History & Yield
Dividend ChampionAflac (AFL) has increased its dividend for 42 consecutive years and currently yields 2.53%. The most recent dividend was $0.6100/share on Mar 2, 2026, paid Quarterly.
AFL
Current Yield
2.53%
TTM Dividend/Share
$2.96
Payment Frequency
Quarterly
Payout Ratio
33.8%
Consecutive Growth Years
42 (Dividend Champion)
Div Growth (1Y CAGR)
16.00%
Div Growth (5Y CAGR)
15.68%
Div Growth (10Y CAGR)
11.37%
AFL: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
18.2%
FCF payout ratio
10.4%
Net debt / EBITDA
0.4x
Interest coverage
24.53x
ROIC (TTM)
13.6%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 33.8%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($4.82) covers dividend/share ($2.96).
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 10.4%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 0.4x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (15.7%) exceeds EPS growth (4.3%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 20, 2026
- Payment date
- Jun 1, 2026
- Dividend
- $0.6100
- Adj. dividend
- $0.6100
Ex-date Feb 18, 2026
- Payment date
- Mar 2, 2026
- Dividend
- $0.6100
- Adj. dividend
- $0.6100
Ex-date Nov 19, 2025
- Payment date
- Dec 1, 2025
- Dividend
- $0.5800
- Adj. dividend
- $0.5800
Ex-date Aug 20, 2025
- Payment date
- Sep 2, 2025
- Dividend
- $0.5800
- Adj. dividend
- $0.5800
Ex-date May 21, 2025
- Payment date
- Jun 2, 2025
- Dividend
- $0.5800
- Adj. dividend
- $0.5800
Ex-date Feb 19, 2025
- Payment date
- Mar 3, 2025
- Dividend
- $0.5800
- Adj. dividend
- $0.5800
Ex-date Nov 20, 2024
- Payment date
- Dec 2, 2024
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Aug 21, 2024
- Payment date
- Sep 2, 2024
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date May 21, 2024
- Payment date
- Jun 3, 2024
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Feb 20, 2024
- Payment date
- Mar 1, 2024
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Nov 14, 2023
- Payment date
- Dec 1, 2023
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
Ex-date Aug 22, 2023
- Payment date
- Sep 1, 2023
- Dividend
- $0.4200
- Adj. dividend
- $0.4200
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| 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 |
| Aug 22, 2023 | Sep 1, 2023 | $0.4200 | $0.4200 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Aflac has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 42 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 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.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Aflac (AFL) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.20B
YoY change
+10.2%
5Y CAGR
+9.3%
Peak year (2025)
$1.20B
Latest annual
$1.20B
Cash dividends paid over time for Aflac (AFL)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Aflac (AFL)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.20B | +10.2% | +$111.00M | ||
| 2024 | $1.09B | +12.5% | +$121.00M | ||
| 2023 | $966.00M | -1.3% | -$13.00M | ||
| 2022 | $979.00M | +14.5% | +$124.00M | ||
| 2021 | $855.00M | +11.2% | +$86.00M | ||
| 2020 | $769.00M | -0.3% | -$2.00M | ||
| 2019 | $771.00M | -2.8% | -$22.00M | ||
| 2018 | $793.00M | +20.0% | +$132.00M | ||
| 2017 | $661.00M | +0.5% | +$3.00M | ||
| 2016 | $658.00M | +0.3% | +$2.00M | ||
| 2015 | $656.00M | +0.3% | +$2.00M | ||
| 2014 | $654.00M | +3.0% | +$19.00M | ||
| 2013 | $635.00M | +5.3% | +$32.00M | ||
| 2012 | $603.00M | +9.2% | +$51.00M | ||
| 2011 | $552.00M | +3.2% | +$17.00M | ||
| 2010 | $535.00M | +2.1% | +$11.00M | ||
| 2009 | $524.00M | — | +$524.00M | ||
| 2008 | $0 | — | $0 | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | $0 | ||
| 1990 | $0 | — | $0 | ||
| 1989 | $0 | — | — |
2025's annual dividends paid for Aflac (AFL) came in at $1.20B – grew 10.2% year-over-year.
Through 2020–2025 (5 years), Aflac dividends paid delivered a +9.3% annualised rate; sustaining 2 straight years of year-over-year growth.
2025 marks the peak dividends paid at $1.20B, with the historical low of $0 recorded in 1989.
Aflac (AFL) sits 8th of 8 Financial Services peers we track on this metric, against a peer median of $5.36B.
Aflac Dividends Paid 2025: $1.20B
Aflac dividends paid in 2025 was $1.20B, grew 10.2% from 2024. This figure represents the highest annual value in the available history.
Aflac Dividends Paid 2024: $1.09B
Aflac dividends paid in 2024 was $1.09B, grew 12.5% from 2023.
Aflac Dividends Paid 2023: $966.00M
Aflac dividends paid in 2023 was $966.00M, edged down 1.3% below 2022.
Aflac Dividends Paid 2022: $979.00M
Aflac dividends paid in 2022 was $979.00M, grew 14.5% from 2021.
Aflac Dividends Paid 2021: $855.00M
Aflac dividends paid in 2021 was $855.00M.
See more financial history for Aflac (AFL).
Sector peers by dividends paid
Companies in the same sector as Aflac, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does Aflac pay dividends?
Yes, Aflac (AFL) pays quarterly dividends of approximately $2.96 per share annually, yielding 2.53%.
What is Aflac's dividend yield?
Aflac (AFL) has a current dividend yield of 2.53%.
Is Aflac's dividend safe?
Aflac (AFL) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Aflac increased its dividend?
Aflac (AFL) has 42 consecutive years of dividend increases.
What is Aflac's dividend payout ratio?
Aflac (AFL) has a dividend payout ratio of 33.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Aflac's dividends paid?
Latest reported dividends paid for Aflac (AFL) is $1.20B (period ending March 31, 2026).
How has Aflac dividends paid changed year-over-year?
Aflac (AFL) dividends paid changed +10.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Aflac dividends paid?
Aflac (AFL) dividends paid compound annual growth rate is +9.3% over the most recent 5 years available.
When did Aflac dividends paid hit its highest annual value?
Aflac dividends paid reached its highest annual value of $1.20B in 2025.
What was Aflac dividends paid in 2024?
Aflac (AFL) dividends paid in 2024 was $1.09B.
What was Aflac dividends paid in 2025?
Aflac (AFL) dividends paid in 2025 was $1.20B.
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