On August 19, 2021, Aegon AEG declared a dividend payable on September 17, 2021 to its shareholders. Aegon also announced that shareholders on the company's books on or before August 27, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Aegon is set for August 26, 2021. The company's current dividend payout sits at $0.08, equating to a dividend yield of 3.25% at current price levels.
The Significance Of Ex-Dividend Dates
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.
Aegon's Dividend Performance
Over the past year, Aegon has experienced an overall downward trend regarding its dividend payouts and yields. Last year on August 23, 2019 the company's payout was $0.17, which has since decreased by $0.09. Similarly, Aegon's dividend yield last year was 8.0%, which has since declined by 4.75%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
Click here to find details on Aegon's previous dividends.
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