American Equity Declares 2nd Quarter 2021 Preferred Stock Dividends

Rhea-AI Summary

American Equity Investment Life Holding Company (NYSE: AEL) has declared cash dividends for its preferred stocks. For the 5.95% Series A Preferred Stock, a dividend of $371.8750000 per share (or $0.371875000 per depositary share) will be paid on June 1, 2021, to shareholders of record as of May 15, 2021. Similarly, a dividend of $414.0625000 per share (or $0.414062500 per depositary share) for the 6.625% Series B Preferred Stock is also scheduled for the same date. Both series are listed on the NYSE under their respective symbols.

Positive

• Declared dividends for Series A and B Preferred Stocks, enhancing shareholder income.
• Commitment to dividend payouts reflects company confidence and stability.

Negative

• None.

American Equity Investment Life Holding Company (NYSE: AEL), today announced that in accordance with the terms of its 5.95% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A (the “Series A Preferred Stock”), which is represented by depositary shares, each representing a 1/1,000^th interest in a share of Series A Preferred Stock (the “Series A Depositary Shares”), the Board of Directors has declared a cash dividend of $371.8750000 per share of Series A Preferred Stock (equivalent to $0.371875000 per Series A Depositary Share). The dividend will be payable on June 1, 2021 to Series A Preferred Stock shareholders of record as of May 15, 2021. Depositary receipts for the Series A Preferred Stock are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “AELPRA”.

Additionally, American Equity Investment Life Holding Company today announced that in accordance with the terms of its 6.625% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B (the “Series B Preferred Stock”), which is represented by depositary shares, each representing a 1/1,000^th interest in a share of Series B Preferred Stock (the “Series B Depositary Shares”), the Board of Directors has declared a cash dividend of $414.0625000 per share of Series B Preferred Stock (equivalent to $0.414062500 per Depositary Share). The dividend will be payable on June 1, 2021 to Series B Preferred Stock shareholders of record as of May 15, 2021. Depositary receipts for the Series B Preferred Stock are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “AELPRB”.

ABOUT AMERICAN EQUITY

American Equity Investment Life Holding Company, through its wholly-owned subsidiaries, is a leading issuer of fixed index annuities through independent agents, banks and broker-dealers. American Equity Investment Life Holding Company, a New York Stock Exchange listed company (NYSE: AEL), is headquartered in West Des Moines, Iowa. For more information, please visit www.american-equity.com.

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FAQ

What is the dividend amount for Series A Preferred Stock of AEL?

The dividend for Series A Preferred Stock is $371.8750000 per share.

When will the dividends for AEL's preferred stocks be paid?

The dividends will be payable on June 1, 2021.

What is the record date for AEL's Series A Preferred Stock dividends?

The record date for Series A Preferred Stock dividends is May 15, 2021.

What is the ticker symbol for AEL's Series B Preferred Stock?

The ticker symbol for Series B Preferred Stock is AELPRB.

How much is the dividend for Series B Preferred Stock of AEL?

The dividend for Series B Preferred Stock is $414.0625000 per share.