Aegon to buy back 20 million shares as firm pays dividend

September 16, 2015 by KATHERINE CHIGLINSKY

(Bloomberg) — Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., plans to repurchase more than 20 million shares to help counter the effect of a stock dividend.

The share buybacks will begin Sept. 16 and could be completed by Oct. 14, the Hague-based company said Tuesday in a statement. The firm said that 43 percent of shareholders chose to receive this year’s interim dividend in stock, and will get one share for every 45 held. Click HERE to read article 

Originally Posted at LifeHealthPro on September 16, 2015 by KATHERINE CHIGLINSKY.