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

Key Points

• Aegon declared a quarterly dividend of $0.2455 per share, payable September 24 to shareholders of record as of September 3. The company’s annual dividend of approximately $0.41 is supported by a 41.0% payout ratio.
• Aegon’s latest quarterly results fell short of expectations, with earnings of $0.23 per share versus the $0.35 consensus estimate and revenue of $3.52 billion compared with the expected $7.39 billion.
• Analyst sentiment is mixed: Aegon has an average “Hold” rating and a consensus price target of $10.00, compared with shares trading at $9.02.

Aegon NV (NYSE:AEG - Get Free Report) declared a dividend on Thursday, August 20th. Investors of record on Thursday, September 3rd will be given 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 of this dividend is Thursday, September 3rd.

Aegon has raised its dividend by an average of 0.1%per year over the last three years. Aegon has a payout ratio of 41.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE AEG opened at $9.02 on Friday. 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 has a fifty day simple moving average of $8.96 and a two-hundred day simple moving average of $8.20. Aegon has a 1-year low of $6.75 and a 1-year high of $9.61. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of -56.37 and a beta of 0.84.

Aegon (NYSE:AEG - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The financial services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $7.39 billion. Analysts anticipate that Aegon will post 1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered shares of Aegon from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 15th. Citigroup restated a "buy" rating on shares of Aegon in a research report on Tuesday. Zacks Research cut Aegon from a "hold" rating to a "strong sell" rating in a research report on Monday, July 27th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of Aegon in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Aegon presently has an average rating of "Hold" and a consensus target price of $10.00.

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.

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