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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Aflac Incorporated (AFL) pays a $2.41 annual dividend ($0.61 quarterly), yielding 2.08% at $115.64/share. Next ex-dividend date 2026-08-19. 6 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.08%
Annual Dividend: $2.41 per share
Payout Ratio: 24.6%
Ex-Dividend Date: 2026-08-19
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 43
Aflac Incorporated dividend income comes from one of the most recognizable names in supplemental insurance, covering cancer, accidents, and critical illness across the U.S. and Japan. AFL pays $2.41 per share annually, distributed quarterly, with the next ex-dividend date on August 19, 2026. The current yield sits at 2.08%. With a beta of 0.595, AFL stock moves well below the broader market, which suits income investors who prioritize low volatility over high yield.
Aflac Incorporated pays out 24.6% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to absorb earnings pressure without touching the dividend, and AFL's two-segment model spanning Japan and the U.S. generates demand across a wide range of supplemental health products. Aflac Incorporated dividend safety faces its most credible test from currency exposure, since the Japan segment operates in yen and any significant yen depreciation would weigh on dollar-denominated earnings available to fund the payout.
Aflac Incorporated dividend history shows a CAGR of 4.7% per year from 2009 to 2025. Per-share payments grew from $1.12 to $2.32 over that period (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 21.2% in 2022, though the history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear. At 4.7% annually, the dividend has outpaced modest inflation over the period but does not qualify as fast-growing by income-stock standards.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +13.2% | $1.60 (2022) | $2.32 (2025) |
| 5-Year | +15.7% | $1.12 (2020) | $2.32 (2025) |
| 10-Year | +3.9% | $1.58 (2015) | $2.32 (2025) |
AFL stock fits dividend investors who want low-volatility income from a business with a conservative payout structure. The yield of 2.08% falls in the moderate (2-4%) range and sits above the 5-year average of 1.54%, meaning today's entry point delivers more income than the historical norm. The 24.6% payout ratio gives AFL room to keep raising the dividend even if earnings soften. The trade-off is growth: at 4.7% per year over the long run, the dividend grows steadily but not aggressively. Investors get a low-beta income stream backed by supplemental insurance demand in two large markets, but they accept a yield that will not satisfy those chasing high current income.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-19 | $0.6100 |
| 2026-05-20 | $0.6100 |
| 2026-02-18 | $0.6100 |
| 2025-11-19 | $0.5800 |
| 2025-08-20 | $0.5800 |
| 2025-05-21 | $0.5800 |
| 2025-02-19 | $0.5800 |
| 2024-11-20 | $0.5000 |
| 2024-08-21 | $0.5000 |
| 2024-05-21 | $0.5000 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8300 |
| 2025 | $2.3200 |
| 2024 | $2.0000 |
| 2023 | $1.6800 |
| 2022 | $1.6000 |
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