Humana Inc. (HUM) to Issue Quarterly Dividend of $0.89 on January 29th

Humana Inc. (NYSE:HUM) announced a quarterly dividend on Thursday, October 29th. Investors of record on Thursday, December 24th will be paid a dividend of $0.8850 per share by the insurance provider on Friday, January 29th. This represents a $3.54 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, December 24th.

Humana has increased its dividend payment by an average of 0.1% per year over the last three years. Humana has a payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Humana to earn $16.02 per share next year, which means the company should continue to be able to cover its $3.54 annual dividend with an expected future payout ratio of 22.1%.

Humana Price Performance

Shares of HUM stock opened at $414.04 on Friday. The business has a fifty day simple moving average of $400.92 and a 200 day simple moving average of $308.70. The company has a market cap of $49.72 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.57 and a beta of 0.74. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. Humana has a twelve month low of $163.11 and a twelve month high of $456.50.

Humana (NYSE:HUM) last released its earnings results on Wednesday, July 29th. The insurance provider reported $7.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.27 by $0.34. The firm had revenue of $40.89 billion for the quarter, compared to analysts’ expectations of $40.58 billion. Humana had a return on equity of 11.20% and a net margin of 0.88%. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.27 earnings per share. On average, sell-side analysts forecast that Humana will post 9.03 EPS for the current fiscal year.

Humana Company Profile

Humana Inc is a health and well-being company that provides insurance products and health care services in the United States and Puerto Rico. The company’s primary business is government-sponsored health coverage, particularly Medicare Advantage plans for older adults, along with Medicare prescription drug plans, Medicaid coverage and certain commercial health insurance products.

Humana also operates CenterWell, its health care services platform focused on older adults. CenterWell includes primary care clinics, home health services and pharmacy services, with an emphasis on coordinated care, chronic-condition management and helping members receive care in lower-cost settings.

Founded in 1961 as a nursing-home company, Humana expanded into hospital operations before shifting its focus toward health insurance and related services.