Athene Holding Ltd. Declares Fourth Quarter 2024 Preferred Stock Dividends

Rhea-AI Summary

Athene Holding has declared quarterly preferred stock dividends for its five series of non-cumulative preferred stock, payable on December 30, 2024 to holders of record as of December 15, 2024. The dividends per depositary share are: Series A (ATHPrA) at $0.396875 (6.35% Fixed-to-Floating Rate), Series B (ATHPrB) at $0.3515625 (5.625% Fixed-Rate), Series C (ATHPrC) at $0.3984375 (6.375% Fixed-Rate Reset), Series D (ATHPrD) at $0.3046875 (4.875% Fixed-Rate), and Series E (ATHPrE) at $0.484375 (7.750% Fixed-Rate Reset).

Positive

• Regular dividend payments maintained across all preferred stock series
• Highest dividend yield of 7.750% on Series E preferred stock

Negative

• None.

Insights

Financial Analyst

This routine dividend declaration for Athene's five preferred stock series represents a stable income stream for preferred shareholders. The company maintains diverse preferred offerings with varying rates, from 4.875% to 7.750%, catering to different investor preferences. The Series E stock offers the highest yield at 7.750%, while Series D provides the lowest at 4.875%. These fixed-rate and fixed-to-floating rate structures provide predictable income streams and potential interest rate protection. The consistent dividend payments signal strong financial health and commitment to preferred shareholders, though this is a routine announcement without changes to dividend rates or policy.

WEST DES MOINES, Iowa, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Athene Holding Ltd. (“Athene”) announced that it has declared the following preferred stock dividends on its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock), payable on December 30, 2024 to holders of record as of December 15, 2024.

• Quarterly dividend of $396.875 per share on the company’s 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A Preferred Stock”); holders of depositary shares will receive $0.396875 per depositary share.
• Quarterly dividend of $351.5625 per share on the company’s 5.625% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series B (the “Series B Preferred Stock”); holders of depositary shares will receive $0.3515625 per depositary share.
• Quarterly dividend of $398.4375 per share on the company’s 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C (the “Series C Preferred Stock”); holders of depositary shares will receive $0.3984375 per depositary share.
• Quarterly dividend of $304.6875 per share on the company’s 4.875% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series D (the “Series D Preferred Stock”); holders of depositary shares will receive $0.3046875 per depositary share.
• Quarterly dividend of $484.375 per share on the company’s 7.750% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series E (the “Series E Preferred Stock”); holders of depositary shares will receive $0.484375 per depositary share.
  

Depositary shares for the Series A Preferred Stock are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “ATHPrA,” depositary shares for the Series B Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrB,” depositary shares for the Series C Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrC,” depositary shares for the Series D Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrD,” and depositary shares for the Series E Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrE.”

About Athene
Athene is a leading retirement services company with over $350 billion of total assets as of September 30, 2024, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit www.athene.com.

Contact:

Jeanne Hess
VP, External Relations
+1 646 768 7319
jeanne.hess@athene.com

FAQ

When will Athene (ATH) pay its Q4 2024 preferred stock dividends?

Athene will pay its Q4 2024 preferred stock dividends on December 30, 2024, to holders of record as of December 15, 2024.

What is the dividend amount for Athene's Series E preferred stock (ATHPrE)?

Athene's Series E preferred stock (ATHPrE) will pay a quarterly dividend of $0.484375 per depositary share, representing a 7.750% Fixed-Rate Reset rate.

How many preferred stock series does Athene (ATH) currently have?

Athene currently has five preferred stock series (Series A through E) listed on the NYSE under symbols ATHPrA, ATHPrB, ATHPrC, ATHPrD, and ATHPrE.