AFL Dividend Yield 2026: Aflac Incorporated

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Data last updated: Jul 17, 2026

Snapshot (as of Jul 17, 2026): Aflac Incorporated (AFL) pays a $2.38 annual dividend ($0.61 quarterly), yielding 1.91% at $124.65/share. Next ex-dividend date 2026-05-20. 6 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 1.91%

Annual Dividend: $2.38 per share

Payout Ratio: 25.8%

Ex-Dividend Date: 2026-05-20

Dividend Frequency: quarterly

Sector: Financial Services

Years of Dividend History: 43

About Aflac Incorporated Dividend

Aflac Incorporated dividend income comes from a supplemental insurance business built around cancer, accident, and critical illness policies sold across the U.S. and Japan. AFL pays $2.38 per share annually, distributed quarterly, with the next ex-dividend date on May 20, 2026. The current yield sits at 1.98%. With a beta of 0.61, AFL stock moves well below the broader market, which suits income investors who prioritize low volatility over high yield.

Dividend Safety

Aflac Incorporated pays out 25.8% 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, supported by a business model built on recurring supplemental health and life insurance premiums across two large markets, the U.S. and Japan. Aflac Incorporated dividend safety faces its most credible test from currency exposure, since the Japan segment operates in yen, and a sustained yen weakening would reduce dollar-equivalent earnings available to fund the payout.

Aflac Incorporated (AFL) Dividend Growth Rate, CAGR, and History

Aflac Incorporated dividend history shows a CAGR of 4.7% per year from 2009 to 2025. The per-share dividend 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 pace modestly outpaces typical inflation but does not dramatically compound income over short holding periods.

Aflac Incorporated Dividend Growth Rate (CAGR)

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)

Is Aflac Incorporated a Good Dividend Stock?

AFL stock fits dividend investors who want low-volatility income from a business with a conservative payout structure. The yield is low (below 2%), and at 1.98% it already sits above the 5-year average of 1.48%, so the current entry point offers more income than the stock has historically delivered. The 25.8% payout ratio means the dividend is not stretched, but the growth rate of 4.7% per year is measured rather than aggressive. The trade-off is clear: Aflac Incorporated offers a well-covered, below-market yield with gradual growth, not a high-income payout.

Recent Aflac Incorporated Dividend Payments

Payment Date	Amount per Share
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
2024-02-20	$0.5000

Aflac Incorporated Annual Dividend History

Year	Total Dividends
2026	$1.2200
2025	$2.3200
2024	$2.0000
2023	$1.6800
2022	$1.6000

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Frequently Asked Questions

How often does Aflac Incorporated pay dividends?

Aflac Incorporated pays dividends quarterly. The last dividend was $0.61 per share, and the next ex-dividend date is May 20, 2026.

What is Aflac Incorporated's current dividend yield?

The current AFL dividend yield is 1.98%, above the 5-year average yield of 1.48%. That gap means investors buying today receive more income relative to price than the stock has typically offered over the past five years.

Has Aflac Incorporated ever cut its dividend?

The available history shows at least one year-over-year decline exceeding 5% within the 2009 to 2025 window. The data does not cover periods before 2009, so no claim can be made about the full dividend history.

How fast has Aflac Incorporated grown its dividend?

Aflac Incorporated has grown its dividend at a compound annual growth rate (CAGR) of 4.7% per year from 2009 to 2025. Over that period, the annual per-share payment grew from $1.12 to $2.32.

Is Aflac Incorporated dividend safe?

The 25.8% payout ratio is conservative (below 40%), which means Aflac Incorporated retains the large majority of earnings and is not stretching to fund the current payment. The primary data-supported risk is currency exposure from the Japan segment, which operates in yen.

Why is Aflac Incorporated dividend yield low?

AFL's yield is low (below 2%) because the payout ratio is only 25.8%, meaning the company pays out a small fraction of earnings. A higher payout ratio would mechanically lift the yield, but AFL has historically retained most earnings rather than distributing them.

How does Aflac Incorporated compare to its own historical yield?

At 1.98%, the current Aflac Incorporated dividend yield is above the 5-year average of 1.48%. That 50-basis-point gap means the stock currently delivers more income relative to its price than it has on average over the past five years.

Latest AFL News

• Aflac stock steadies as insurance earnings and buybacks support valuation - ad-hoc-news.de — ad-hoc-news.de
• Aflac stock trades steadily as earnings metrics and dividend strength shape investor view - ad-hoc-news.de — ad-hoc-news.de
• AFLAC stock holds steady as insurance earnings and dividend profile anchor long-term appeal - ad-hoc-news.de — ad-hoc-news.de

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