Key Developments: American Equity Investment Life Holding Co (AEL)
15.70USD
22 May 2013
$-0.14 (-0.88%)
$15.84
$15.82
$16.03
$15.69
650,730
662,682
$16.50
$10.00
Latest Key Developments (Source: Significant Developments)
American Equity Investment Life Holding Co Declares Annual Cash Dividend On Common Stock
American Equity Investment Life Holding Co announced that its Board of Directors has declared an annual cash dividend of $0.15 per share to owners of its common stock. This is a 25% increase from the $0.12 annual dividend declared on November 16, 2011. This marks the fourteenth consecutive year a cash dividend has been declared and the ninth year in a row that the Company has increased its cash dividend. The dividend will be payable on December 17, 2012 to shareholders of record as of December 3, 2012. There are 62,810,435 shares of common stock outstanding as of November 14, 2012 Full Article
American Equity Investment Life Holding Company Names Executive Officers
American Equity Investment Life Holding Company announced the following changes to its executive officers: John M. Matovina was named Chief Executive Officer and President. Mr. Matovina, age 58, was previously Chief Financial Officer and Treasurer and was serving as interim Chief Executive Officer and President. Ted M. Johnson was named Chief Financial Officer and Treasurer. Mr. Johnson, age 42, was previously Vice President - Controller. Full Article
American Equity Investment Life Holding Company Declares Annual Cash Dividend On Common Stock And Share Repurchase Program
American Equity Investment Life Holding Company announced that its Board of Directors has declared an annual cash dividend of $0.12 per share to owners of its common stock. This is a 20% increase from the $0.10 annual dividend declared on November 18, 2010. The dividend will be payable on December 16, 2011 to shareholders of record as of December 2, 2011. The Board of Directors has also approved a share repurchase program, effective immediately. Under the program, American Equity is authorized to repurchase up to 10,000,000 shares of its common stock at any time during the next 24 months. Full Article
Fitch Affirms American Equity's Ratings; Outlook Stable
(The following statement was released by the rating agency) CHICAGO, April 12 (Fitch) Fitch Ratings has affirmed the Issuer Default Rating (IDR) of American Equity Investment Life Holding Company (AEL) at 'BB+' and the Insurer Financial Strength (IFS) ratings of its insurance operating subsidiaries American Equity Investment Life Insurance Company (AEILIC) and American Equity Investment Life Insurance Company of New York at 'BBB+'. The Rating Outlook is Stable. A full rating list is shown be
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