Aegon Ltd. (NYSE:AEG) Declares $0.17 Semi-annual Dividend

Aegon Ltd. (NYSE:AEG) declared a semi-annual dividend on Thursday, August 22nd, Wall Street Journal reports. Stockholders of record on Thursday, September 5th will be given a dividend of 0.1723 per share by the financial services provider on Thursday, September 26th. This represents a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, September 5th.

Aegon has raised its dividend by an average of 197.2% per year over the last three years. Aegon has a dividend payout ratio of 38.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Aegon to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 35.3%.

Aegon Stock Performance

Shares of NYSE AEG opened at $6.01 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 0.07 and a debt-to-equity ratio of 0.52. Aegon has a 12-month low of $4.63 and a 12-month high of $6.96. The stock’s fifty day simple moving average is $6.21 and its two-hundred day simple moving average is $6.18.

Wall Street Analyst Weigh In

AEG has been the subject of a number of recent analyst reports. StockNews.com cut Aegon from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. UBS Group downgraded Aegon from a “buy” rating to a “neutral” rating in a report on Tuesday, May 28th.

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.