A declining share price is never a welcome sight. But long-term investors should not lose focus of the bigger picture.
Aflac is not a "get-rich-quick" stock. Instead, it is more of the "build-wealth-slowly" type.
Aflac has a long history of steadily enriching investors over time. It is a Dividend Aristocrat, a group of companies with 25+ consecutive years of dividend increases.
In fact, Aflac has raised its dividend for 34 years in a row.
That by itself speaks to the strength of Aflac's business model. There are only 51 Dividend Aristocrats in the S&P 500.
You can see the entire list of all 51 Dividend Aristocrats here.
Aflac maintains its excellent track record thanks to a highly profitable business model, a leadership position in the insurance industry, and a commitment to growing its dividend each year.