Allianz SE, a prominent insurance company, recently announced a dividend of $1.5 per share, payable on 2024-05-28, with the ex-dividend date set for 2024-05-09. As investors eagerly anticipate this upcoming payment, it is essential to examine the company’s dividend history, yield, and growth rates to assess its sustainability.
Founded in 1890, Allianz SE initially focused on transport and accident insurance before expanding into Europe and North America. Despite facing challenges such as asset seizures and loss of foreign business post-World War II, the company persevered and eventually became the largest European insurer in the postwar era.
To determine the sustainability of Allianz SE’s dividend, one must analyze its payout ratio and profitability. As of 2023-12-31, the company’s dividend payout ratio is 0.50, indicating that it retains a significant portion of earnings for future growth and unforeseen circumstances. Allianz SE’s profitability rank of 6 out of 10 suggests fair profitability, with consistent positive net income over the past decade.
In terms of growth metrics, Allianz SE has a growth rank of 6 out of 10, indicating a fair growth outlook. While the company’s revenue per share and 3-year revenue growth rate demonstrate a strong revenue model, its earnings growth rate of approximately 7.90% per year falls slightly below the global average.
Overall, Allianz SE presents a potentially sustainable dividend profile supported by its consistent dividend payments, solid payout ratio, fair profitability, and growth metrics. However, investors should monitor revenue and earnings growth rates closely for long-term sustainability. For further exploration, GuruFocus Premium users can utilize the High Dividend Yield Screener to identify high-dividend yield stocks.
This analysis, provided by GuruFocus, offers general insights based on historical data and analyst projections. It does not constitute personalized financial advice or specific investment recommendations. The objective is to deliver data-driven analysis for informed decision-making. Please note that the analysis may not encompass the most recent company announcements or qualitative information. GuruFocus does not hold positions in the stocks discussed.
In conclusion, Allianz SE’s sustainability of dividend payments is promising, but vigilance regarding growth rates is crucial for investors.