Our analysis is based on comparing Aspen Insurance Holdings Ltd. with the following peers – XL Group Ltd, RenaissanceRe Holdings Ltd., Everest Re Group, Ltd., Arch Capital Group Ltd., Validus Holdings, Ltd., Axis Capital Holdings Limited and Astellas Pharma Inc. Unsponsored ADR (XL-US, RNR-US, RE-US, ACGL-US, VR-US, AXS-US and ALPMY-US).
Aspen Insurance Holdings Ltd.’s dividend yield is 2.20 percent and its dividend payout is 37.19 percent. This compares to a peer median dividend yield of 2.14 percent and a payout level of 30.16 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 67 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.
Dividend Quality Overview
- Over the last twelve months (prior to June 30, 2017), AHL-US paid a high quality dividend, which represents a yield of 2.15% at the current price.
- Dividends paid during each of the last five years were consistently of high quality.
- The ending cash balance is less than the last full year dividend payment and cannot be relied on to cushion any significant reduction of cash flows in the future.
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Over the last twelve months (prior to June 30, 2017), AHL-US paid a high quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 1.97x), investing cash flow (coverage of 2.46x), issuance cash flow (coverage of 0.10x) and twelve-month prior cash (coverage of 19.20x), for a total dividend coverage of 1x.
AHL-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -0.17x).
These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.
|Dividend Yield (%)||2.07||1.77||1.85||1.73||1.6||2.2|
|Dividend Payout (%)||19.53||17.15||16.18||18.28||33.33||37.19|
A complete list of metrics and analysis is available on the company page.
Aspen Insurance Holdings Ltd. engages in the provision of insurance and reinsurance services. It operates through the Insurance and Reinsurance segments. The Insurance segment consists of property and casualty insurance; marine, aviation, and energy insurance; and financial and professional lines insurance. The Reinsurance segment includes property catastrophe insurance; other property insurance such as risk excess, pro rata, and facultative or single risk reinsurance; casualty insurance such as U.S. treaty, international treaty, and global facultative; and specialty insurance and reinsurance such as credit and surety, mortgage, agriculture, marine, aviation, terrorism, engineering, and other specialty lines. The company was founded by Christopher O’Kane and Julian M. Cusack on May 23, 2002 and is headquartered in Hamilton, Bermuda.
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