American International Group, Inc. (NYSE:AIG – Get Free Report) 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 of this dividend is Wednesday, September 16th.
American International Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. American International Group has a dividend 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 Price Performance
Shares of American International Group stock traded down $0.94 during midday trading on Friday, hitting $79.03. 1,784,427 shares of the company were exchanged, compared to its average volume of 4,349,766. The firm has a 50 day simple moving average of $77.19 and a 200-day simple moving average of $76.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $41.90 billion, a P/E ratio of 13.93, a PEG ratio of 0.74 and a beta of 0.53. American International Group has a 52 week low of $71.25 and a 52 week high of $87.29.
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.
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