How To Put $100 In Your Retirement Fund Each Month With Assurant Stock

Assurant, Inc. AIZ provides business services that support, protect and connect consumer purchases in North America, Latin America, Europe and the Asia Pacific.

It will report its Q4 2024 earnings on February 11. Wall Street analysts expect the company to post an EPS of $3.51, down from $4.58 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $3.08 billion, up from $2.98 billion in the year-ago period.

The 52-week range of Assurant’s stock price was $160.12 to $229.44.

Assurant’s dividend yield is 1.54%. During the last 12 months, it paid $3.20 per share in dividends.

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The Latest On Assurant

On Nov. 5, 2024, the company announced its Q3 2024 earnings, posting adjusted EPS of $3.00, compared to the consensus of $2.52 and revenues of $2.97 billion, compared to the consensus estimate of $2.94 billion, as reported by Benzinga.

"Our year-to-date execution and performance enable us to increase our 2024 enterprise outlook. We now expect Adjusted EBITDA to increase low double-digits and Adjusted earnings per share to increase mid- to high-teens, excluding reportable catastrophes. In addition, we expect to return $300 million in share repurchases in 2024, reflecting our strong capital position and risk management expertise," said Assurant President and CEO Keith Demmings.

Check out this article by Benzinga for eight analysts' insights on Assurant. 

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How Can You Earn $100 Per Month As An Assurant Investor?

If you want to make $100 per month – $1,200 annually – from Assurant dividends, your investment value needs to be approximately $77,922, which is 376 shares at $207.22 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (1.54% in this case). Therefore, $1,200 / 0.0154 = $77,922 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Assurant stock an attractive option for making a steady income of $100 per month by owning 376 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Assurant has raised its dividend consecutively for the last 20 years. 

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.

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