Aegon (NYSE:AEG) announced a semiannual dividend on Friday, February 16th, Wall Street Journal reports. Investors of record on Wednesday, May 23rd will be given a dividend of 0.1745 per share by the financial services provider on Friday, June 22nd. This represents a yield of 5.09%. The ex-dividend date of this dividend is Tuesday, May 22nd. This is a positive change from Aegon’s previous semiannual dividend of $0.15.
Aegon has increased its dividend by an average of 0.3% annually over the last three years and has increased its dividend every year for the last 2 years. Aegon has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Aegon to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 32.0%.
Aegon opened at $6.87 on Monday, according to Marketbeat Ratings. The firm has a market capitalization of $14.01 billion, a P/E ratio of 8.18 and a beta of 1.37. Aegon has a twelve month low of $4.81 and a twelve month high of $7.48. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.09 and a quick ratio of 0.09.
Aegon (NYSE:AEG) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.22 earnings per share for the quarter. The business had revenue of $10.33 billion during the quarter. Aegon had a return on equity of 6.59% and a net margin of 7.24%. sell-side analysts anticipate that Aegon will post 0.92 EPS for the current fiscal year.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Aegon from a “hold” rating to a “strong-buy” rating and set a $8.00 price target for the company in a report on Wednesday, May 16th. ValuEngine upgraded Aegon from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $6.30.
Aegon Company Profile
Aegon N.V. provides life insurance, pensions, and asset management services. It offers life and protection products, such as traditional and universal life insurance products, as well as employer, endowment, term, and whole life insurance products; and supplemental health, accidental death and dismemberment insurance, critical illness, cancer treatment, credit/disability, income protection, travel, and long-term care insurance products.
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