SmarterDividends
AFG

American Financial Group, Inc.

AFG

Financial Services · Insurance - Property & Casualty · Stock · quarterly payer

$141.98

Undervalued · +38% Add to Portfolio

Forward Yield

2.73%

Annual Dividend

$3.88

Payout Ratio

30%

5-Yr Growth

12.1%

Ex-Date

Oct 15, 2026

Frequency

Quarterly

Key facts about AFG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 9, 2026, American Financial Group, Inc. (AFG) has a forward dividend yield of 2.73%, based on an annual dividend of $3.88 per share and a share price of $141.98.
  • As of Oct 9, 2026, AFG's dividend safety grade from SmarterDividends is A (94 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, American Financial Group, Inc. (AFG) has raised its dividend for 3 consecutive years as of Oct 9, 2026.
  • AFG last cut its regular dividend in 2002.
  • AFG's next ex-dividend date is Oct 15, 2026, with payment on Oct 23, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 9, 2026, AFG pays out 30% of its trailing 12-month earnings as dividends (its payout ratio).
  • AFG's dividend has grown at an average rate of 12.1% a year over the past five years.
  • As of Oct 9, 2026, AFG's 2.73% yield is 74% below its five-year average yield of 10.49%.
  • As of Oct 9, 2026, SmarterDividends' blended fair-value estimate for AFG is $196.46 per share, 38% above the $141.98 share price, so AFG screens as undervalued.
  • American Financial Group, Inc. (AFG) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "AFG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 9, 2026, https://smarterdividends.com/stocks/AFG

Summary

As of Oct 9, 2026, American Financial Group, Inc. (AFG) yields 2.73% ($3.88 a year per share), has a dividend safety grade of A (94/100) and has 3 consecutive years of dividend increases on record.

Is AFG a good dividend stock?

Yes

American Financial Group, Inc. (AFG) pays a quarterly dividend yielding 2.73% ($3.88/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (30%)
  • Strong 12.1% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2002

Key Data

Dividend Yield
2.73%
Payout Ratio
30%
Annual Dividend
$3.88
5-Yr Avg Growth
12.1%
Ex-Dividend Date
Oct 15, 2026
Years of Growth
3
Frequency
quarterly
Beta
0.58
Market Cap
$11.8B
P/E Ratio
12.4
5-Yr Total Return
2%
52-Week Range
$123.09 – $150.02
Dividend Safety
A · 94/100
Ever Cut?
Yes (2002)
AFG ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →AFG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is AFG a good dividend stock?

Yes. American Financial Group, Inc. (AFG) pays a quarterly dividend yielding 2.73% ($3.88/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is AFG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AFG's fair value is about $196.46 versus a $141.98 share price — so it looks undervalued (+38% vs. fair value).

Is AFG's dividend safe?

AFG has a dividend-safety grade of A (94/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2002, debt and yield-versus-history.

What is AFG's fair value?

Our blended fair-value estimate for AFG is about $196.46 per share, roughly 38% above the current $141.98 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is AFG a buy, hold, or sell?

We don't issue formal ratings, but on the data AFG screens as "yes" and undervalued. American Financial Group, Inc. (AFG) pays a quarterly dividend yielding 2.73% ($3.88/yr), with 3 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will AFG cut its dividend?

AFG earns a dividend-safety grade of A (94/100), and has cut its dividend before (last in 2002). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does AFG pay a dividend?

Yes. American Financial Group, Inc. pays a quarterly dividend of about $3.88 per share annually, a forward yield of roughly 2.73%.

What is AFG's dividend yield?

As of Oct 9, 2026, AFG's forward dividend yield is 2.73%, based on a $3.88 annual dividend and a $141.98 share price.

What is AFG's dividend per share?

As of Oct 9, 2026, AFG pays $3.88 per share per year, distributed on a quarterly basis.

What is AFG's dividend payout ratio?

As of Oct 9, 2026, AFG's payout ratio is 30% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has AFG grown its dividend?

As of Oct 9, 2026, AFG has increased its dividend for 3 consecutive years.

When is the next AFG ex-dividend date?

As of Oct 9, 2026, the next ex-dividend date on record for AFG is Oct 15, 2026.

Income Calculator

At $3.88 / yr per share

Per payment (quarterly)$97.00
Annual$388.00
Monthly avg$32.33

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