Aflac Incorporated (NYSE:AFL) is included among the 15 Best Boring Dividend Stocks to Buy.
Image by
Alexsander-777 from
Pixabay
Morgan Stanley lifted its price target on Aflac Incorporated (NYSE:AFL) to $118 from $113 on November 17 while maintaining an Equal Weight stance on the stock, according to a report by The Fly.
Aflac Incorporated (NYSE:AFL)’s long-standing dividend record continues to reflect the strength of its underwriting discipline. On November 11, the company announced a 5% increase in its quarterly payout to $0.61 per share, marking its 43rd straight year of raising dividends. The insurer generates enough earnings to support dividend hikes while still allocating substantial capital to buybacks, reducing its share count by roughly 38% over the past ten years.
Aflac Incorporated Chairman and Chief Executive Officer Daniel P. Amos made the following comment on the dividend announcement:
“I am pleased with the Board’s action to increase the first quarter 2026 dividend. We treasure our record of 43 consecutive years of dividend increases, and our dividend track record is supported by the strength of our capital and cash flows. As an insurance company, our primary responsibility is to fulfill the promises we make to our policyholders. At the same time, we are listening to our shareholders and understand the importance of prudent liquidity and capital management. We remain committed to maintaining strong capital ratios on behalf of our policyholders and balance this financial strength with tactical capital deployment.”
Analysts believe that Aflac Incorporated (NYSE:AFL) still has room to keep that momentum going. The company’s dividend payout ratio remains relatively low at just under 33% of projected 2025 earnings, and Wall Street expects the firm to grow earnings at about a 5% annual pace in the coming years.
While we acknowledge the potential of AFL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Long Term Stocks to Buy According to Reddit and 15 Best Stocks to Buy for Medium Term
Disclosure: None.