American Equity Investment Life Holding Company (NYSE:AEL) announced an annual dividend on Thursday, November 16th, Zacks reports. Stockholders of record on Wednesday, November 29th will be paid a dividend of 0.26 per share by the financial services provider on Tuesday, December 12th. The ex-dividend date is Tuesday, November 28th. This is a boost from American Equity Investment Life Holding’s previous annual dividend of $0.24.

American Equity Investment Life Holding has raised its dividend payment by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. American Equity Investment Life Holding has a payout ratio of 8.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect American Equity Investment Life Holding to earn $2.74 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 9.5%.

Shares of American Equity Investment Life Holding (NYSE AEL) opened at $30.82 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.12 and a current ratio of 0.12. American Equity Investment Life Holding has a 12-month low of $20.22 and a 12-month high of $31.05. The firm has a market capitalization of $2,719.99, a PE ratio of 10.31 and a beta of 2.54.

American Equity Investment Life Holding (NYSE:AEL) last issued its earnings results on Monday, November 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.33. American Equity Investment Life Holding had a return on equity of 10.50% and a net margin of 7.90%. The business had revenue of $906.00 million for the quarter, compared to analyst estimates of $615.75 million. During the same quarter last year, the company earned ($0.05) EPS. The business’s quarterly revenue was up 43.8% on a year-over-year basis. research analysts forecast that American Equity Investment Life Holding will post 2.99 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on AEL shares. Royal Bank Of Canada raised their price target on American Equity Investment Life Holding from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. B. Riley restated a “hold” rating and set a $26.00 price target on shares of American Equity Investment Life Holding in a research note on Wednesday, November 15th. ValuEngine downgraded American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. BidaskClub downgraded American Equity Investment Life Holding from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Goldman Sachs Group, Inc. (The) started coverage on American Equity Investment Life Holding in a research note on Wednesday, October 18th. They set a “neutral” rating and a $29.00 price target on the stock. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $27.63.

About American Equity Investment Life Holding

American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity and life insurance products through its life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.

Dividend History for American Equity Investment Life Holding (NYSE:AEL)

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