10-24-2013, 02:10 PM
I'd also like to see AFL do a bigger raise than usual this year. I understand that in their line of business you might want to be conservative with the cash. But by my math, even if annual earnings stayed flat at around $6.20 from here on, AFL could raise the dividend by 15 percent every year and the payout ratio would not even get to 50 percent until the 2019/2020 time frame.