Aegon NV (NYSE:AEG) Declares Dividend of $0.25

Aegon NV (NYSE:AEG) announced a dividend on Thursday, February 19th. Investors of record on Monday, June 15th will be paid a dividend of 0.2469 per share by the financial services provider on Monday, July 6th. This represents a dividend yield of 671.0%. The ex-dividend date of this dividend is Monday, June 15th.

Aegon has raised its dividend by an average of 0.0%per year over the last three years. Aegon has a dividend payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Aegon to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.37 annual dividend with an expected future payout ratio of 36.3%.

Aegon Price Performance

NYSE AEG traded up $0.18 on Friday, reaching $7.52. The company had a trading volume of 2,718,786 shares, compared to its average volume of 5,323,905. Aegon has a 1 year low of $5.42 and a 1 year high of $8.15. The firm has a 50-day moving average of $7.70 and a 200-day moving average of $7.67. The firm has a market capitalization of $15.08 billion, a PE ratio of -47.03, a P/E/G ratio of 0.22 and a beta of 0.79.

Institutional Investors Weigh In On Aegon

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its position in Aegon by 104.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 21,006,803 shares of the financial services provider’s stock valued at $152,089,000 after purchasing an additional 10,732,972 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Aegon by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,839,732 shares of the financial services provider’s stock valued at $83,576,000 after purchasing an additional 970,534 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Aegon by 306.1% during the second quarter. BNP Paribas Financial Markets now owns 6,169,541 shares of the financial services provider’s stock valued at $44,667,000 after buying an additional 4,650,272 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Aegon by 2,348.0% during the second quarter. Acadian Asset Management LLC now owns 3,482,943 shares of the financial services provider’s stock worth $25,200,000 after buying an additional 3,340,666 shares during the period. Finally, UBS Group AG boosted its position in shares of Aegon by 24.1% during the fourth quarter. UBS Group AG now owns 2,546,698 shares of the financial services provider’s stock worth $19,635,000 after buying an additional 494,065 shares during the period. Institutional investors and hedge funds 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.