American Equity Declares 4th Quarter 2023 Preferred Stock Dividend
American Equity Investment Life Holding Company (NYSE: AEL) has declared cash dividends for its Series A and Series B Preferred Stocks. The dividend for Series A Preferred Stock is $371.8750000 per share, payable on December 1, 2023. The dividend for Series B Preferred Stock is $414.0625000 per share, also payable on December 1, 2023.
11/01/2023 - 04:15 PM
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 $371.87 50000 per share of Series A Preferred Stock (equivalent to $0.37 1875000 per Series A Depositary Share). The dividend will be payable on December 1, 2023 to Series A Preferred Stock shareholders of record as of November 15, 2023. 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 $414.06 25000 per share of Series B Preferred Stock (equivalent to $0.41 4062500 per Depositary Share). The dividend will be payable on December 1, 2023 to Series B Preferred Stock shareholders of record as of November 15, 2023. 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, our policyholders work with over 40,000 independent agents and advisors affiliated with independent marketing organizations (IMOs), banks and broker-dealers through our wholly-owned operating subsidiaries. Advisors and agents choose one of our leading annuity products best suited for their client’s 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 while partnering with world renowned, public fixed income asset managers. American Equity is headquartered in West Des Moines, Iowa with additional offices in Charlotte, NC , New York, NY , and Miami, FL. For more information, please visit www.american-equity.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20231101709868/en/
Steven Schwartz | Head of Investor Relations
American Equity Investment Life Holding Company®
515-273-3763 | sschwartz@american-equity.com
Source: American Equity Investment Life Holding Company
What is the ticker symbol for American Equity Investment Life Holding Company?
The ticker symbol for American Equity Investment Life Holding Company is AEL.
What is the dividend for American Equity's Series A Preferred Stock?
The dividend for American Equity's Series A Preferred Stock is $371.8750000 per share.
When will the dividend for Series A Preferred Stock be payable?
The dividend for Series A Preferred Stock will be payable on December 1, 2023.
What is the dividend for American Equity's Series B Preferred Stock?
The dividend for American Equity's Series B Preferred Stock is $414.0625000 per share.
When will the dividend for Series B Preferred Stock be payable?
The dividend for Series B Preferred Stock will be payable on December 1, 2023.
American Equity Investment Life Holding Co
AEL Rankings
#836 Ranked by Stock Gains
AEL Stock Data
Industry
Direct Life Insurance Carriers
Sector
Finance and Insurance
Tags
Finance, Life/Health Insurance, Finance and Insurance, Direct Life Insurance Carriers
Country
US
City
West Des Moines
About AEL
fixed index annuities * retirement planning * customer service an american-owned and operated company headquartered in the heart of the midwest, american equity investment life insurance company® is a leader in the fixed indexed annuities marketplace. american equity’s growth and success is attributed to our dedication to excellent customer service and emphasis on building customer relationships. “the one who works for you!®” serves as the foundation for the way american equity does business and values its more than 500 employees. guided by our principles of excellence, we do more than sell retirement annuity products -- we are dedicated to fostering opportunity and innovation to meet the ever-changing needs and goals of retirement. we are about principles. we are the one who works for you! social media terms and conditions of use: https://www.american-equity.com/social-media-terms