COLUMBUS, GA (WTVM) - Aflac announced a two for one stock split earlier this week.
The split will be payable March 16 to shareholders of record March 2. This means if you hold a share of Aflac stock worth $88 per share today, at the time of the split, you will own two shares worth $44 a piece.
This reflects a strong year of financial performance in 2017.
"We have a tremendous company with a tremendous brand, a strong history of growth and a very strong franchise in our industry both in the U.S. and in Japan. We are among the highest financial strength ratings. We're one of the most recognized companies," says Aflac CFO, Fred Crawford.
Aflac also announced a 15.6 percent increase in the stock dividend in the first quarter after increasing 4.7 percent in the fourth quarter.
Aflac also made Fortune's list of 100 best companies to work for in America for the 20th consecutive year.