Aon (AON) Declares $0.62 Dividend
Aon said on April 14, 2023 that its board of directors declared a regular quarterly dividend of $0.62 per share ($2.46 annualized). Previously, the company paid $0.56 per share.
Shares must be purchased before the ex-div date of April 28, 2023 to qualify for the dividend. Shareholders of record as of May 1, 2023 will receive the payment on May 15, 2023.
At the current share price of $329.81 / share, the stock's dividend yield is 0.75%. Looking back five years and taking a sample every week, the average dividend yield has been 0.87%, the lowest has been 0.61%, and the highest has been 1.21%. The standard deviation of yields is 0.13 (n=236).
The current dividend yield is 0.96 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.18. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.27%, demonstrating that it has increased its dividend over time.
Learn to Harvest Dividends
Buy Stock. Capture Dividend. Sell Stock. Repeat. This is the essence of dividend harvesting and you can do it easily with Fintel's Dividend Capture Calendar.
What is the Fund Sentiment?
There are 1878 funds or institutions reporting positions in Aon.
This is an increase
of
83
owner(s) or 4.62% in the last quarter.
Average portfolio weight of all funds dedicated to AON is 0.49%,
a decrease
of 3.69%.
Total shares owned by institutions decreased
in the last three months by 1.79% to 214,971K shares.
The put/call ratio of AON is 1.08, indicating a
bearish
outlook.
Analyst Price Forecast Suggests 2.82% Upside
As of April 6, 2023, the average one-year price target for Aon is $339.12. The forecasts range from a low of $313.10 to a high of $381.15. The average price target represents an increase of 2.82% from its latest reported closing price of $329.81.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Aon is $13,263MM, an increase of 6.28%. The projected annual non-GAAP EPS is $14.68.
What are Other Shareholders Doing?
ExodusPoint Capital Management holds 4K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
IXG - iShares Global Financials ETF holds 15K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 23K shares, representing a decrease of 49.05%. The firm decreased its portfolio allocation in AON by 5.93% over the last quarter.
EQ ADVISORS TRUST - EQ holds 32K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 35K shares, representing a decrease of 9.14%. The firm decreased its portfolio allocation in AON by 3.70% over the last quarter.
Bank Of America holds 2,300K shares representing 1.12% ownership of the company. In it's prior filing, the firm reported owning 2,366K shares, representing a decrease of 2.86%. The firm increased its portfolio allocation in AON by 3.81% over the last quarter.
Cubist Systematic Strategies holds 27K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 16K shares, representing an increase of 39.56%. The firm increased its portfolio allocation in AON by 92.38% over the last quarter.
Aon plc. Background Information
(This description is provided by the company.)
Aon plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
This story originally appeared on Fintel.