Aegon Ltd. (NYSE:AEG) Increases Dividend to $0.20 Per Share

Aegon Ltd. (NYSE:AEG - Get Free Report) announced a semi-annual dividend on Monday, April 21st, Wall Street Journal reports. Investors of record on Tuesday, June 17th will be paid a dividend of 0.1992 per share by the financial services provider on Monday, July 7th. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 17th. This is a 15.6% increase from Aegon's previous semi-annual dividend of $0.17.

Aegon has increased its dividend payment by an average of 28.1% annually over the last three years. Aegon has a payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Aegon to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 39.2%.

Aegon Stock Up 0.2 %

AEG stock traded up $0.01 during mid-day trading on Friday, hitting $6.45. 10,049,996 shares of the company were exchanged, compared to its average volume of 4,494,874. Aegon has a 12-month low of $5.42 and a 12-month high of $6.96. The firm has a market capitalization of $14.22 billion, a P/E ratio of 6.72 and a beta of 0.84. The business has a fifty day simple moving average of $6.27 and a 200-day simple moving average of $6.29.

Analyst Ratings Changes

Separately, StockNews.com raised Aegon from a "hold" rating to a "buy" rating in a research report on Monday, March 31st.

About Aegon

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.