American International Group, Inc. (AIG) to Distribute Quarterly Dividend of $0.50 on September 30th

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.50 per share by the insurance provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 16th.

American International Group has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. American International Group has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American International Group to earn $8.77 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.8%.

American International Group Stock Performance

NYSE:AIG opened at $78.80 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $41.78 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.73 and a beta of 0.53. The firm’s fifty day simple moving average is $77.28 and its 200 day simple moving average is $76.74. American International Group has a twelve month low of $71.25 and a twelve month high of $87.29.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.03%. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same period in the prior year, the company earned $1.81 EPS. As a group, equities research analysts expect that American International Group will post 7.97 earnings per share for the current fiscal year.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.