American International Group, Inc. (AIG) to Issue Quarterly Dividend of $0.32 on September 29th

American International Group, Inc. (NYSE:AIG) announced a quarterly dividend on Wednesday, August 2nd, RTT News reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.32 per share by the insurance provider on Friday, September 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, September 14th.

American International Group has increased its dividend by an average of 85.7% annually over the last three years and has raised its dividend every year for the last 3 years. American International Group has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect American International Group to earn $5.39 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 23.7%.

Shares of American International Group (NYSE:AIG) opened at 61.20 on Wednesday. American International Group has a 52 week low of $57.35 and a 52 week high of $67.47. The firm’s market capitalization is $55.29 billion. The stock’s 50 day moving average price is $62.54 and its 200-day moving average price is $62.52.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period in the prior year, the company earned $0.98 EPS. Equities analysts predict that American International Group will post $5.27 earnings per share for the current year.

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A number of brokerages have weighed in on AIG. Buckingham Research assumed coverage on American International Group in a research note on Monday. They issued an “underperform” rating and a $52.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $73.00 price objective on shares of American International Group in a report on Wednesday, September 6th. BidaskClub cut American International Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Deutsche Bank AG reiterated a “sell” rating and issued a $60.00 price objective (up from $57.00) on shares of American International Group in a report on Wednesday, August 9th. Finally, Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $68.08.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Dividend History for American International Group (NYSE:AIG)

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