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American Equity Declares 3rd Quarter 2022 Preferred Stock Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
American Equity Investment Life Holding Company (NYSE: AEL) declared cash dividends on its Series A and Series B Preferred Stock. The Series A dividend is set at $371.875 per share, equivalent to $0.371875 per depositary share, while the Series B dividend stands at $414.0625 per share, or $0.4140625 per depositary share. Both dividends will be paid on September 1, 2022, to shareholders of record as of August 15, 2022. Depositary shares are traded on the NYSE under the symbols AELPRA and AELPRB.
Positive
The company continues to pay dividends, reflecting strong financial health.
Dividends for Series A and Series B Preferred Stock demonstrate commitment to shareholder returns.
Negative
None.
WEST DES MOINES, Iowa--(BUSINESS WIRE)--
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 1/1,000th 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 September 1, 2022 to Series A Preferred Stock shareholders of record as of August 15, 2022. 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 1/1,000th 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 September 1, 2022 to Series B Preferred Stock shareholders of record as of August 15, 2022. 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
At American Equity Investment Life Holding Company (NYSE: AEL), we think of ourselves as The Financial Dignity CompanyTM. Our policyholders work with independent agents, banks and broker-dealers through our wholly-owned operating subsidiaries, to choose one of our leading annuity products best suited for their personal needs to create financial dignity in retirement. To deliver on its promises to policyholders, American Equity has re-framed its investments focus – building a stronger emphasis on insurance liability driven asset allocation and specializing in alternate, private asset management. American Equity is headquartered in West Des Moines, Iowa with satellite offices slated to open in 2022 in Charlotte, NC and New York, NY. For more information, please visit www.american-equity.com.
