AFLAC (AFL) just reported Q4 operating earnings of $1.60 per share, and the weak yen knocked off three cents per share. Adjusting for that, the duck stock raked in $1.63 per share last quarter. That’s an increase of 13.2% over Q4 2016.
For all of 2017, AFL’s revenues fell 4.0% to $21.7 billion. Operating earnings came in at $6.81 per share, compared with $6.50 per share in 2016. The weak yen cost AFLAC 10 cents per share. Adjusting for that, operating earnings rose 6.3% last year.
AFLAC also raised its quarterly dividend from 45 to 52 cents per share. That’s an increase of 15.6%. The dividend is payable on March 1 to shareholders of record at the close of business on February 21.
For 2018, AFLAC is looking for earnings to range between $7.45 to $7.75 per share. That assumes a yen/dollar rate of 112.16 which was the average for 2017.