Athene Holding Ltd. announced preferred stock dividends payable on March 31, 2025, for various series of non-cumulative preferred stock.
Quiver AI Summary
Athene Holding Ltd. has announced the declaration of preferred stock dividends on its non-cumulative preferred stock, set to be paid on March 31, 2025, to shareholders on record as of March 15, 2025. The dividends include $396.875 per share for the Series A preferred stock, $351.5625 for Series B, $398.4375 for Series C, $304.6875 for Series D, and $484.375 for Series E, with corresponding payments to depositary share holders. The depositary shares for each series are listed under respective ticker symbols on the New York Stock Exchange. Athene, a prominent retirement services company with over $360 billion in assets, aims to provide financial security through various retirement income and savings products.
Potential Positives
- Athene has declared multiple preferred stock dividends, reinforcing its commitment to providing returns to its investors.
- The dividends announced highlight the company's strong financial position, as it can support consistent payments to preferred stockholders.
- The company's total assets of over $360 billion as of December 31, 2024, underscore its significant scale and stability in the retirement services sector.
- Athene's operations in multiple countries (U.S., Bermuda, Canada, and Japan) demonstrate its diversified market presence and potential for growth.
Potential Negatives
- The announcement of preferred stock dividends may indicate that the company is returning cash to shareholders rather than investing in growth initiatives, which could be viewed negatively by investors looking for expansion and innovation.
- The reliance on preferred stock dividends suggests that the company might be prioritizing short-term investor satisfaction over long-term strategic investments, raising concerns about future growth prospects.
- The issuance of dividends during a time when economic conditions may be uncertain could suggest potential liquidity concerns, leading to skepticism about the company’s financial health and stability moving forward.
FAQ
What are the recent preferred stock dividends declared by Athene?
Athene declared quarterly dividends on its Series A, B, C, D, and E preferred stock, payable on March 31, 2025.
When will the preferred stock dividends be paid?
The preferred stock dividends will be paid on March 31, 2025, to holders of record as of March 15, 2025.
How much is the Series A Preferred Stock dividend?
The Series A Preferred Stock dividend is $396.875 per share, equating to $0.396875 per depositary share.
What is Athene Holding Ltd.'s focus?
Athene focuses on providing financial security through retirement income and savings products for individuals and corporations.
Where can I find more information about Athene?
For more information about Athene, visit their official website at www.athene.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
WEST DES MOINES, Iowa, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Athene Holding Ltd. (“Athene”) announced that it has declared the following preferred stock dividends on its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock), payable on March 31, 2025 to holders of record as of March 15, 2025.
Quarterly dividend of $396.875 per share on the company’s 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A (the “Series A Preferred Stock”); holders of depositary shares will receive $0.396875 per depositary share.
Quarterly dividend of $351.5625 per share on the company’s 5.625% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series B (the “Series B Preferred Stock”); holders of depositary shares will receive $0.3515625 per depositary share.
Quarterly dividend of $398.4375 per share on the company’s 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series C (the “Series C Preferred Stock”); holders of depositary shares will receive $0.3984375 per depositary share.
Quarterly dividend of $304.6875 per share on the company’s 4.875% Fixed-Rate Perpetual Non-Cumulative Preferred Stock, Series D (the “Series D Preferred Stock”); holders of depositary shares will receive $0.3046875 per depositary share.
Quarterly dividend of $484.375 per share on the company’s 7.750% Fixed-Rate Reset Perpetual Non-Cumulative Preferred Stock, Series E (the “Series E Preferred Stock”); holders of depositary shares will receive $0.484375 per depositary share.
Depositary shares for the Series A Preferred Stock are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “ATHPrA,” depositary shares for the Series B Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrB,” depositary shares for the Series C Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrC,” depositary shares for the Series D Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrD,” and depositary shares for the Series E Preferred Stock are listed on the NYSE under the ticker symbol “ATHPrE.”
About Athene
Athene is a leading retirement services company with over $360 billion of total assets as of December 31, 2024, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit
www.athene.com
.
Contact:
Jeanne Hess
VP, External Relations
+1 646 768 7319
jeanne.hess@athene.com
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