Aegon NV to Issue Dividend of $0.25 (NYSE:AEG)

Aegon NV (NYSE:AEG) announced a dividend on Thursday, August 20th. Shareholders of record on Thursday, September 3rd will be paid a dividend of 0.2455 per share by the financial services provider on Thursday, September 24th. This represents a yield of 544.0%. The ex-dividend date is Thursday, September 3rd.

Aegon has raised its dividend payment by an average of 0.1%per year over the last three years. Aegon has a payout ratio of 41.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Aegon to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.41 annual dividend with an expected future payout ratio of 29.7%.

Aegon Price Performance

Shares of Aegon stock opened at $9.02 on Friday. The firm has a market capitalization of $18.10 billion, a PE ratio of -56.37 and a beta of 0.84. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. Aegon has a 12 month low of $6.75 and a 12 month high of $9.61. The business’s 50-day moving average price is $8.96 and its 200-day moving average price is $8.20.

Aegon (NYSE:AEG) last issued its earnings results on Thursday, August 20th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $7.39 billion. Sell-side analysts forecast that Aegon will post 1.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Aegon

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Aegon by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 11,741,711 shares of the financial services provider’s stock valued at $85,233,000 after acquiring an additional 901,979 shares in the last quarter. BNP Paribas Financial Markets increased its position in Aegon by 306.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock valued at $44,667,000 after purchasing an additional 4,650,272 shares during the period. UBS Group AG raised its holdings in Aegon by 24.1% in the 4th quarter. UBS Group AG now owns 2,546,698 shares of the financial services provider’s stock worth $19,635,000 after purchasing an additional 494,065 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. raised its holdings in Aegon by 31.1% in the 4th quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 2,527,483 shares of the financial services provider’s stock worth $19,487,000 after purchasing an additional 599,104 shares in the last quarter. Finally, ABC Arbitrage SA lifted its position in shares of Aegon by 0.5% in the 1st quarter. ABC Arbitrage SA now owns 2,107,085 shares of the financial services provider’s stock worth $15,297,000 after purchasing an additional 9,775 shares during the period. Institutional investors own 4.32% of the company’s stock.

About Aegon

Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.

Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.