Aegon Dividends and Buybacks
Dividend criteria checks 4/6
Aegon is a dividend paying company with a current yield of 5.82% that is well covered by earnings. Next payment date is on 6th July, 2026 with an ex-dividend date of 12th June, 2026.
Key information
5.8%
Dividend yield
5.0%
Buyback Yield
| Total Shareholder Yield | 10.8% |
| Future Dividend Yield | 6.9% |
| Dividend Growth | 2.5% |
| Next dividend pay date | 06 Jul 26 |
| Ex dividend date | 12 Jun 26 |
| Dividend per share | n/a |
| Payout ratio | 68% |
Recent dividend and buyback updates
Recent updates
Narrative Update • May 12
AGN: Buyback And Higher Dividend Will Support Measured Future Return Potential
Analysts have raised their price target for Aegon to €7.51 per share. The change reflects updated assumptions around discount rates, profit margins and future P/E expectations.Narrative Update • Apr 23
AGN: Buyback And Higher Dividend Will Support Balanced Future Return Potential
Analysts have lifted their price target on Aegon by €0.11 to €7.40, citing slightly higher fair value assumptions supported by modest adjustments to the discount rate, revenue growth, profit margin and future P/E inputs. What's in the News Aegon completed a share buyback tranche, repurchasing 34,996,985 shares, equal to 2.21% of its share capital, for €227 million under the program announced on December 10, 2025 (Key Developments).Narrative Update • Apr 08
AGN: Buyback And Higher Dividend Will Support Measured Future Return Potential
Analysts have nudged their price target for Aegon slightly higher to €7.29 from €7.25, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Aegon completed the repurchase of 34,996,985 shares, representing 2.21% of its share capital, for €227 million under the buyback announced on December 10, 2025 (Key Developments).Narrative Update • Mar 25
AGN: Completed Buyback And Higher Dividend Will Support Future Return Upside
Analysts have slightly reduced their Aegon price target to €7.25 from €7.35. This reflects updated views on fair value while keeping underlying assumptions such as discount rate, revenue growth, profit margin, and forward P/E broadly consistent.Narrative Update • Mar 09
AGN: Future Buybacks And US Refocus Will Support Return Upside
Analysts have slightly lifted their price target on Aegon to €7.35 from €7.31, citing updated assumptions for revenue growth, margin outlook, and a lower forward P/E multiple as key drivers of the change. What's in the News Aegon proposed a 2025 final dividend of €0.21 per common share, described as 11% higher than the 2024 final dividend.Narrative Update • Feb 22
AGN: Future Buybacks And US Refocus Will Drive Return Upside
Analysts have nudged their price target on Aegon higher to €7.31 from €7.23, citing slightly adjusted assumptions around discount rates, revenue, profit margins and future P/E. What's in the News Aegon completed a share repurchase of 34,996,985 shares, representing 2.21% of its share capital, for €227 million under the buyback announced on December 10, 2025.Narrative Update • Feb 08
AGN: US Refocus And Buybacks Will Shape Future Return Balance
Analysts have trimmed their price target on Aegon by about €0.01, citing small adjustments to fair value, discount rate, profit margin assumptions, and a slightly higher future P/E multiple in their models. What's in the News Aegon has launched a review of its UK business, including a possible sale, alongside plans to move its head office to the US and rename the holding company Transamerica.Narrative Update • Jan 24
AGN: US Refocus And Buybacks Will Shape Balanced Future Return Potential
Analysts have trimmed their price target for Aegon slightly to about €7.23. This reflects small adjustments to fair value, discount rate, revenue growth assumptions and future P/E expectations, while keeping the overall outlook broadly consistent.Narrative Update • Jan 06
AGN: US Refocus And Ongoing Buybacks Will Support Balanced Return Potential
Analysts have revised their price target for Aegon from €7.34 to €7.27, citing slightly lower fair value estimates, a marginally reduced discount rate, small adjustments to revenue growth assumptions and profit margin, and an updated future P/E outlook. What's in the News Aegon has completed a share repurchase of 67,255,788 shares for €400 million under the buyback announced on May 16, 2025, representing 4.25% of its shares.Narrative Update • Dec 13
AGN: US Refocus And Buyback Will Drive Attractive Upside Potential
Analysts have modestly reduced their price target on Aegon, trimming fair value by about $0.01 as they factor in a slightly higher discount rate, offset by marginally improved profit margin expectations, while keeping longer term growth and valuation multiples broadly unchanged. What's in the News Aegon launches a strategic review of its UK business, including a potential divestment, as it shifts its head office to the US and plans to rename the holding company Transamerica, sharpening its focus on the US market (company statement).Narrative Update • Nov 28
AGN: Share Buyback and Unit Sales Will Influence Balanced Near-Term Prospects
Analysts have raised their price target for Aegon from $7.13 to $7.36, citing modest improvements in fair value estimates and profit margin projections. What's in the News Aegon has reportedly explored the sale of non-US business units as it seeks to concentrate on its core US operations.Narrative Update • Nov 14
AGN: Share Buyback Expansion and Dividend Increase Will Shape Outlook
Analysts have raised their price target for Aegon slightly from $7.12 to $7.13, citing minor adjustments to the company's valuation metrics and updated forecasts. What's in the News On August 21, 2025, Aegon increased its equity buyback authorization by €200 million.Narrative Update • Oct 30
AGN: Dividend Growth And Buyback Expansion Will Underpin Future Performance
Analysts have raised their price target for Aegon from $6.93 to $7.12. They cited slight improvements in discount rate and revenue growth expectations, even as profit margin forecasts moderated and the anticipated future price-to-earnings ratio rose modestly.Narrative Update • Sep 24
Retirement Expansion And Digital Transformation Will Shape Future Success
Aegon's fair value has seen only a marginal upward adjustment, as both its Future P/E and Discount Rate remained stable, resulting in a negligible increase in the consensus analyst price target from €6.85 to €6.93. What's in the News Announced interim dividend of EUR 0.19 per common share for 2025, up EUR 0.03 from 2024.Narrative Update • Sep 04
Retirement Expansion And Digital Transformation Will Shape Future Success
With both the consensus analyst price target and future P/E ratio for Aegon remaining effectively unchanged, there has been no material revision to fair value, which stays at €6.85. What's in the News Aegon announced an interim dividend of EUR 0.19 per common share for 2025, up EUR 0.03 from the prior year.
New Narrative • Feb 09
Expansion Through WFG And Chinese Joint Venture Will Drive Future Success
Aegon's focus on growing strategic assets and reducing financial assets is expected to enhance operational results and increase shareholder returns for future growth.Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: AGN's dividend payments have been volatile in the past 10 years.
Growing Dividend: AGN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Aegon Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (AGN) | 5.8% |
| Market Bottom 25% (NL) | 2.5% |
| Market Top 25% (NL) | 4.8% |
| Industry Average (Insurance) | 4.9% |
| Analyst forecast (AGN) (up to 3 years) | 6.9% |
Notable Dividend: AGN's dividend (5.82%) is higher than the bottom 25% of dividend payers in the Dutch market (2.59%).
High Dividend: AGN's dividend (5.82%) is in the top 25% of dividend payers in the Dutch market (4.78%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.6%), AGN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (167.2%), AGN's dividend payments are not well covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/05 06:26 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Aegon Ltd. is covered by 29 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Claudia Gaspari | Barclays |
| Michael Huttner | Berenberg |
| Edward Houghton | Bernstein |