Overview and Thesis
In this article, I discuss Assurant, Inc. (AIZ), which is a little followed global provider of specialized insurance products. The company has 2.4% dividend yield that has increased for fourteen straight years. But the unique aspect of Assurant is the company's enormous share buybacks.
The company has characteristics that many dividend growth investors seek including a decent yield, a P/E ratio of roughly 11.5 that is less than the S&P 500's average, good FCF, a fairly conservative balance sheet, good capital position for an insurer, growing dividend, and share buybacks.