American Equity – AEL – Declares Annual Cash Dividend on Common Stock
American Equity Investment Life Holding Company (NYSE: AEL), a leading underwriter of index and fixed rate annuities, 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.
About American Equity – AEL
American Equity Investment Life Holding Company (AEL), through its wholly-owned operating subsidiaries, is a full service underwriter of a broad line of fixed annuity and life insurance products, with a primary emphasis on the sale of index and fixed rate annuities. American Equity Investment Life Holding Company, a New York Stock Exchange Listed company (AEL), is headquartered in West Des Moines, Iowa.
American Equity Investment Life Holding Company (AEL) is engaged in the development and sale of fixed index and fixed rate annuity products. The Company is a full service underwriter of fixed annuity and life insurance products through its wholly owned life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York, and Eagle Life Insurance Company (Eagle Life). The Company’s business consists primarily of the sale of fixed index and fixed rate annuities. The Company’s products include Fixed Index Annuities, Fixed Rate Annuities, Withdrawal Options-Fixed Index and Fixed Rate Annuities and Life Insurance. AEL is an industry leader in the development and sale of fixed index and fixed rate annuity products.
AEL states : We are licensed to sell our products in all 50 states and the District of Columbia. Our business strategy is to focus primarily on our annuity business and earn predictable returns by managing investment spreads and investment risk.
Our persistence in anticipating and being responsive to the product and service needs of our independent agents and policyholders will lead to increased customer loyalty, revenues and profitability. We have built an unyielding reputation thanks to our strong dedication in continuously delivering on our promises.
We do not believe our policyholders should suffer sleepless nights, tossing and turning, worried about uncertainty in retirement. At American Equity, we believe in a good night’s sleep. We provide “Sleep Insurance”.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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