Dividend Update: Aegon Announces Final Dividend for 2023

Key Points:

* Aegon proposes a final dividend of EUR 0.16 per common share for 2023. * The dividend is expected to be paid at the end of the second half of 2023. * The company has paid a total dividend of EUR 0.30 per share in the past 12 months.

Aegon has announced a proposed final dividend of EUR 0.16 per common share for 2023. The dividend is subject to approval by shareholders at the company's annual general meeting. If approved, the dividend will be paid at the end of the second half of 2023.

This dividend is in line with Aegon's previously announced dividend policy of paying out 40-60% of its underlying net income. For the full year of 2023, Aegon expects to report underlying net income of approximately EUR 1.8 billion. This would result in a total dividend payment of approximately EUR 0.72 per share for the year.

Aegon's dividend yield is currently attractive, at around 5%. This compares favorably to the average dividend yield for European insurance companies, which is around 3%.

Investors should be aware that Aegon's dividend is not guaranteed. The company may reduce or eliminate its dividend if its financial condition deteriorates. However, Aegon has a strong track record of paying dividends, and its dividend policy is supported by its strong capital position.

Conclusion

Aegon's proposed final dividend for 2023 is a positive sign for investors. The dividend is in line with the company's dividend policy and is supported by its strong financial condition. Investors should consider investing in Aegon for its attractive dividend yield and potential for capital appreciation.