American Equity Investment (AEL) Raises Quarterly Dividend 6.3% to $0.34; Increases Buyback Program

American Equity Investment (NYSE: AEL) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. This is a 6.3% increase from the prior dividend of $0.32.

The dividend will be payable on December 13, 2021, to stockholders of record on November 29, 2021, with an ex-dividend date of November 26, 2021.

The annual yield on the dividend is 3.9 percent.

• American Equity Investment Life Holding Company (“American Equity”) (NYSE: AEL), a leading provider of financial dignity solutions through general account annuities, announced today that its Board of Directors has authorized repurchase of an additional $500 million of the Company’s common stock. The total available authorization for share repurchase is $736 million, which the company intends to utilize to return capital to shareholders and to offset any future dilution from shares to be issued to Brookfield Reinsurance as part of its planned increased stake in the company from 9.9% to 15-19.9%.

For a dividend history and other dividend-related data on American Equity Investment (AEL) click here.

You May Also Be Interested In

• Group 1 Automotive (GPI) Raises Quarterly Dividend 10% to $0.55; 0.8% Yield
• NiSource (NI) Declares $0.30 Quarterly Dividend; 2.9% Yield
• Hyatt Hotels (H) Declares $0.3531 Quarterly Dividend; 0.8% Yield