COLUMBUS, Ga., Feb. 13, 2018 /PRNewswire/ -- Aflac Incorporated
(NYSE: AFL) announced today that its Board of Directors has
declared a two-for-one stock split of the company's common stock in
the form of a 100% stock dividend payable on March 16, 2018 to shareholders of record as of
the close of business on March 2,
2018.
Commenting on the announcement, Aflac Incorporated Chairman and
Chief Executive Officer Daniel P.
Amos said: "I am pleased with the Board's action to split
Aflac Incorporated's stock. As you'll recall, this follows a year
of strong share price performance and is on top of our announcement
of the Board's action to approve an increase in the first quarter
cash dividend of 15.6%. This is the ninth split of the company's
common stock since listing on the NYSE in 1974 and the first in 17
years. This split enhances the liquidity of our shares, which is in
addition to our efforts to increase shareholder value."
About Aflac
When a policyholder gets sick or hurt,
Aflac pays cash benefits fast. For more than six decades, Aflac
insurance policies have given policyholders the opportunity to
focus on recovery, not financial stress. In the United States, Aflac is the leader in
voluntary insurance sales at the worksite. Through its trailblazing
One Day Pay(SM) initiative, Aflac U.S. can receive,
process, approve and disburse payment for eligible claims in one
business day. In Japan, Aflac is
the leading provider of medical and cancer insurance and insures 1
in 4 households. Aflac insurance products help provide protection
to more than 50 million people worldwide. For 11 consecutive years,
Aflac has been recognized by Ethisphere as one of the World's Most
Ethical Companies. In 2017, Fortune magazine recognized Aflac as
one of the 100 Best Companies to Work for in America for the 19th
consecutive year and in 2018 included Aflac on its list of Most
Admired Companies for the 17th time. Aflac Incorporated is a
Fortune 500 company listed on the New York Stock Exchange under the
symbol AFL. To find out more about Aflac and One Day
Pay(SM), visit aflac.com or aflac.com/espanol.
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Analyst and investor contact – David A.
Young, 706.596.3264 or 800.235.2667;
FAX: 706.324.6330 or dyoung@aflac.com
Media contact – Catherine H.
Blades, 706.596.3014; FAX: 706.320.2288 or
cblades@aflac.com
Forward-looking Information
The Private Securities Litigation Reform Act of 1995 provides
a "safe harbor" to encourage companies to provide prospective
information, so long as those informational statements are
identified as forward-looking and are accompanied by meaningful
cautionary statements identifying important factors that could
cause actual results to differ materially from those included in
the forward-looking statements. The company desires to take
advantage of these provisions. This report contains cautionary
statements identifying important factors that could cause actual
results to differ materially from those projected herein, and in
any other statements made by company officials in communications
with the financial community and contained in documents filed with
the Securities and Exchange Commission (SEC). Forward-looking
statements are not based on historical information and relate to
future operations, strategies, financial results or other
developments. Furthermore, forward-looking information is subject
to numerous assumptions, risks and uncertainties. In particular,
statements containing words such as "expect," "anticipate,"
"believe," "goal," "objective," "may," "should," "estimate,"
"intends," "projects," "will," "assumes," "potential," "target",
"outlook" or similar words as well as specific projections of
future results, generally qualify as forward-looking. Aflac
undertakes no obligation to update such forward-looking
statements.
The company cautions readers that the following factors, in
addition to other factors mentioned from time to time, could cause
actual results to differ materially from those contemplated by the
forward-looking statements: difficult conditions in global capital
markets and the economy; exposure to significant interest rate
risk; concentration of business in Japan; foreign currency fluctuations in the
yen/dollar exchange rate; failure to execute or implement the
conversion of the Japan branch to
a legal subsidiary; limited availability of acceptable
yen-denominated investments; deviations in actual experience from
pricing and reserving assumptions; ability to continue to develop
and implement improvements in information technology systems;
governmental actions for the purpose of stabilizing the financial
markets; interruption in telecommunication, information technology
and other operational systems, or a failure to maintain the
security, confidentiality or privacy of sensitive data residing on
such systems; ongoing changes in the Company's industry; failure to
comply with restrictions on patient privacy and information
security; extensive regulation and changes in law or regulation by
governmental authorities; defaults and credit downgrades of
investments; ability to attract and retain qualified sales
associates and employees; decline in creditworthiness of other
financial institutions; subsidiaries' ability to pay dividends to
Aflac Incorporated; decreases in the Company's financial strength
or debt ratings; inherent limitations to risk management policies
and procedures; concentration of the Company's investments in any
particular single-issuer or sector; differing judgments applied to
investment valuations; ability to effectively manage key executive
succession; significant valuation judgments in determination of
amount of impairments taken on the Company's investments;
catastrophic events including, but not necessarily limited to,
epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis,
war or other military action, terrorism or other acts of violence,
and damage incidental to such events; changes in U.S. and/or
Japanese accounting standards; loss of consumer trust resulting
from events external to the Company's operations; increased
expenses and reduced profitability resulting from changes in
assumptions for pension and other postretirement benefit plans;
level and outcome of litigation; and failure of internal controls
or corporate governance policies and procedures.
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SOURCE Aflac Incorporated