Derek's avatar
@emfNovember 15
$AFL is one of those boring dividend companies that has been raising its dividend for the last four decades.

This time they are raising its dividend by a whopping 22%

At 9 times earnings it still looks cheap at these levels


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Joshua Simka's avatar
Thanks for putting $AFL on our radar, @emf. YCharts shows me that P/E of 9 side by side with an industry average of 6.7. Any thoughts why Aflac trades for a premium to its peers? I also notice Aflac is at 1.1x book (compare to its 10 year median of 1.5x) so any way you look at it, this company looks cheap historically speaking.
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Derek's avatar
@emfNovember 17
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$AFL are a cash rich company where earnings and dividends have grown in double digits over the last couple of years, The have also positioned itself nicely in the Japanese health and life market. Trading near book value is a steal for me but than again the company is highly exposed to the yen and as a result revenue has been almost flat for a decade. For a boring dividend investor, the strong cash balance, low payout ratio, low debt and dividend history is appealing however this is not an exciting company and I would not anticipate much share price appreciation from here so can understand why most would not be interested.
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