Aegon: completes share buyback
(CercleFinance.com) - Dutch insurer Aegon said on Monday that it has completed its program to buy back shares in an effort to neutralise the dilutive impact of dividends paid in shares.
Between 1 October 2018 and 9 November, the company bought back 24.1 million common shares at an average price of 5.4 euros each, it said.
The group said in September that it would have to repurchase shares, as 44% of shareholders have chosen to receive their interim dividends in shares.
The repurchased shares will be held as treasury stock and will be used to cover future stock dividends, Aegon said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Between 1 October 2018 and 9 November, the company bought back 24.1 million common shares at an average price of 5.4 euros each, it said.
The group said in September that it would have to repurchase shares, as 44% of shareholders have chosen to receive their interim dividends in shares.
The repurchased shares will be held as treasury stock and will be used to cover future stock dividends, Aegon said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.