Insurer Aflac (AFL) will raise its quarterly dividend to $0.43 per share.The new dividend is payable on December 1, 2016, to shareholders of record at the close of business on November 16, 2016

"The board of directors' action to increase the dividend by 4.9% demonstrates our commitment to reward our shareholders. This marks the 34th consecutive year of increasing our cash dividend. Our objective is to grow the dividend at a rate generally in line with the increase in operating earnings per diluted share before the impact of foreign currency translation", according to chairman and chief executive officer Daniel P. Amos.

Dividend Aristocrat Aflac currently has an estimated dividend yield of 2.5% based on a $69 stock price.

Aflac Incorporated is engaged in supplemental health and life insurance. The company is a provider of voluntary insurance at the worksite in the United States and medical and cancer insurance in Japan. The Company offers cancer plans, critical illness plans, and critical care and recovery plans. When a policyholder gets sick or hurt, Aflac pays cash benefits fast, giving policyholders the opportunity to direct cash where it’s needed most when a specific health event or life situation causes financial challenges. This is often due to income loss from missed work as well as asset loss from many medical and non-medical out-of-pocket expenses that often arise. Aflac was founded in 1955 and has increased its dividend every year since 1982.