American Equity Investment Life Holding Company (NYSE:AEL) Given Price Target Of $21

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As per American Equity Investment Life Holding Company (NYSE:AEL)’s news release on 2015-11-20, its shareholders will get cash dividend of $0.22 per share. The recent press release updated on the record date and payout date, which stands at 2015-11-30 and 2015-12-14, respectively.

The stock of American Equity Investment Life Holding Company (NYSE:AEL) will commence trading ex-dividend from 2015-11-25, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year American Equity Investment Life Holding Company (NYSE:AEL) disbursed $0.22 in dividend compared to distribution of $0.2, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 10%.

The past track record of five years substantiates that the average payout of American Equity Investment Life Holding Company (NYSE:AEL) stands at $0.174, implying 17.0805% growth. The company recorded earnings of $0.64 a share in the preceding fiscal.

The interim price target for American Equity Investment Life Holding Company (NYSE:AEL) is set at $21. This level is the mean price reached by averaging the stock views of 3 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $22 and the lowest level is established at 20. This broad range highlights a standard deviation of $1 in reported estimates.

AlphaOne has allotted A sentiment score of -0.115 to American Equity Investment Life Holding Company (NYSE:AEL) while impact score assigned is 50 as on as on 2016-07-21.

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