Aegon: to buy back shares to neutralize stock dividend

(CercleFinance.com) - Aegon will repurchase shares worth 168 million euros to neutralise the dilutive effect of its 2019 interim stock dividend, the Dutch insurer said on Wednesday.


The repurchases will begin on 1 October and are expected to be completed by 8 November, the group said.

The repurchased shares will be held as treasury stock, and will be used to pay future stock dividends, Aegon added.

For the record, 55% of its shareholders have chosen to receive their interim dividends in stock.

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