Aflac raises dividend 5%, announces 100M share repurchase program

Aflac announced that its Board of Directors has declared the first quarter dividend of 42c per share, payable on March 1, 2023, to shareholders of record at the close of business on February 15, 2023. This represents a 5.0% increase over the previously declared fourth quarter dividend. Additionally, its Board of Directors authorized the purchase of up to 100M shares of its common stock. This authorization is in addition to the 25.6M shares as of September 30, 2022, that remained under the August 11, 2020 authorization, bringing the total number of shares available for purchase to approximately 125.6M. The company anticipates that the repurchase of shares will be conducted from time to time in open market or negotiated transactions, depending on market conditions.