Aegon NV (NYSE:AEG – Get Free Report) announced a dividend on Thursday, August 20th. Stockholders 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 dividend yield of 544.0%. The ex-dividend date of this dividend is Thursday, September 3rd.
Aegon has raised its dividend by an average of 0.1%annually over the last three years. Aegon has a payout ratio of 41.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance
Shares of AEG stock opened at $9.00 on Friday. The company has a market capitalization of $18.06 billion, a price-to-earnings ratio of -56.25 and a beta of 0.84. Aegon has a 1-year low of $6.75 and a 1-year high of $9.61. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $8.97 and its 200-day simple moving average is $8.21.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. TD Waterhouse Canada Inc. raised its stake in shares of Aegon by 702.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 16,274 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 14,247 shares in the last quarter. Accel Wealth Management acquired a new stake in shares of Aegon during the 2nd quarter valued at about $132,000. 55 North Private Wealth LLC bought a new stake in shares of Aegon in the 2nd quarter valued at approximately $177,000. Baron Wealth Management LLC grew its stake in shares of Aegon by 101.8% in the 2nd quarter. Baron Wealth Management LLC now owns 22,678 shares of the financial services provider’s stock valued at $191,000 after buying an additional 11,442 shares in the last quarter. Finally, Eastern Bank acquired a new position in Aegon in the second quarter worth approximately $55,000. 4.32% of the stock is owned by institutional investors and hedge funds.
Aegon Company Profile
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.
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