Atlantic American (AAME) Declares $0.02 Annual Dividend; 0.6% Yield

Atlantic American (NASDAQ: AAME) declared an annual dividend of $0.02 per share, or $0.02 annualized.

The dividend will be payable on April 23, 2018, to stockholders of record on April 13, 2018, with an ex-dividend date of April 12, 2018.

The annual yield on the dividend is 0.6 percent.

Commenting on the results, Hilton H. Howell, Jr., chairman, president and chief executive officer, stated, “We are delighted to close out another profitable year and are enthusiastic about our prospects for 2018. In the fourth quarter of 2017, the Company reported a significant realized gain due to the conclusion of one of the Company’s real estate partnerships. While the life and health operation experienced some growing pains over the last year, we have completed a number of strategic pricing adjustments for our Medicare supplement product and expect loss experience trends to normalize. Our property and casualty operation continues to perform exceedingly well and reported an improvement in net income over the prior year. In recognition of our enthusiasm for 2018, our Board of Directors recently approved our 7th consecutive annual dividend of $0.02 per share to shareholders of record on April 13, 2018, payable on or about April 23, 2018.”

For a dividend history and other dividend-related data on Atlantic American (AAME) click here.

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