American Financial Group, Inc.
AFGFinancial Services · Stock · quarterly payer
Forward Yield
2.45%
Annual Dividend
$3.52
Payout Ratio
30%
5-Yr Growth
12.1%
Ex-Date
Jul 15, 2026
Frequency
Quarterly
Summary
As of August 2026, American Financial Group, Inc. (AFG) yields 2.45% ($3.52 per share annually), with a blended fair-value estimate of $245.19 — +71% upside, so it screens as undervalued. Dividend safety grade: A (94/100). 3 years of dividend growth.
Is AFG a good dividend stock?
YesAmerican Financial Group, Inc. (AFG) pays a quarterly dividend yielding 2.45% ($3.52/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
- 2.45%
- Payout Ratio
- 30%
- Annual Dividend
- $3.52
- 5-Yr Avg Growth
- 12.1%
- Ex-Dividend Date
- Jul 15, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 0.60
- Market Cap
- $11.9B
- P/E Ratio
- 12.6
- 5-Yr Total Return
- 14%
- 52-Week Range
- —
- Dividend Safety
- A · 94/100
- Ever Cut?
- Yes (2002)
Frequently Asked Questions
AFG Price — Last 12 Months
Daily close
Price Return
1 Year
-1%
3 Years
+29%
5 Years
+14%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AFG worth?
Undervaluedlow confidenceOur blended fair-value estimate for American Financial Group, Inc. is $245.19 per share, versus a market price of $143.70. That implies 71% of upside — a margin of safety of about 41%.
Fair Value
$245.19
Current Price
$143.70
Upside
+71%
Margin of Safety
41%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.3% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $11.44 EPS, $3.52 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AFG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 15, 2026 | — | $0.8800 | regular |
| Apr 15, 2026 | — | $0.8800 | regular |
| Feb 13, 2026 | — | $1.5000 | regular |
| Jan 15, 2026 | — | $0.8800 | regular |
| Nov 17, 2025 | — | $2.0000 | regular |
| Oct 15, 2025 | — | $0.8800 | regular |
| Jul 15, 2025 | — | $0.8000 | regular |
| Apr 15, 2025 | — | $0.8000 | regular |
| Mar 17, 2025 | — | $2.0000 | regular |
| Jan 14, 2025 | — | $0.8000 | regular |
| Nov 15, 2024 | — | $4.0000 | regular |
| Oct 15, 2024 | — | $0.8000 | regular |
| Jul 15, 2024 | — | $0.7100 | regular |
| Apr 12, 2024 | — | $0.7100 | regular |
Income Calculator
At $3.52 / yr per share
