Reinsurance Group of America, Incorporated
RGAFinancial Services · Stock · quarterly payer
Forward Yield
1.55%
Annual Dividend
$3.92
Payout Ratio
16%
5-Yr Growth
5.4%
Ex-Date
Aug 18, 2026
Frequency
Quarterly
Summary
As of September 2026, Reinsurance Group of America, Incorporated (RGA) yields 1.55% ($3.92 per share annually), with a blended fair-value estimate of $153.94 — -39% downside, so it screens as overvalued. Dividend safety grade: A (94/100). 16 years of dividend growth.
Is RGA a good dividend stock?
YesReinsurance Group of America, Incorporated (RGA) pays a quarterly dividend yielding 1.55% ($3.92/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (16%)
- Strong 5.4% 5-yr dividend growth
- 128% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.55%
- Payout Ratio
- 16%
- Annual Dividend
- $3.92
- 5-Yr Avg Growth
- 5.4%
- Ex-Dividend Date
- Aug 18, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 0.46
- Market Cap
- $16.5B
- P/E Ratio
- 11.1
- 5-Yr Total Return
- 128%
- 52-Week Range
- $178.21 – $257.81
- Dividend Safety
- A · 94/100
- Ever Cut?
- No
Frequently Asked Questions
RGA Price — Last 12 Months
Daily close
Price Return
1 Year
+32%
3 Years
+74%
5 Years
+128%
52-Week Range
$178.21 – $257.81
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RGA worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Reinsurance Group of America, Incorporated is $153.94 per share, versus a market price of $253.27. That implies 39% of downside.
Fair Value
$153.94
Current Price
$253.27
Downside
-39%
Margin of Safety
-65%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 1.4% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 1.4% stage-1 growth, 2.5% terminal growth, $22.72 EPS, $3.92 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RGA Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 18, 2026 | — | $0.9800 | regular |
| May 19, 2026 | — | $0.9300 | regular |
| Feb 17, 2026 | — | $0.9300 | regular |
| Nov 10, 2025 | — | $0.9300 | regular |
| Aug 12, 2025 | — | $0.9300 | regular |
| May 13, 2025 | — | $0.8900 | regular |
| Feb 18, 2025 | — | $0.8900 | regular |
| Nov 12, 2024 | — | $0.8900 | regular |
| Aug 13, 2024 | — | $0.8900 | regular |
| May 13, 2024 | — | $0.8500 | regular |
| Feb 12, 2024 | — | $0.8500 | regular |
| Nov 13, 2023 | — | $0.8500 | regular |
| Aug 14, 2023 | — | $0.8500 | regular |
| May 15, 2023 | — | $0.8000 | regular |
Income Calculator
At $3.92 / yr per share
