AIG (AIG) Declares $0.32 Quarterly Dividend; Adds $3B to Stock Buyback Program

November 2, 2016 4:21 PM EDT

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AIG (NYSE: AIG) declared a quarterly dividend of $0.32 per share, or $1.28 annualized.

The dividend will be payable on December 22, 2016, to stockholders of record on December 8, 2016, with an ex-dividend date of December 6, 2016.

The annual yield on the dividend is 2.1 percent.

AIG's Board also authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $3.0 billion. During the nine-month period ended September 30, 2016, AIG repurchased approximately $8.5 billion of AIG Common Stock and $263 million in warrants to purchase shares of AIG Common Stock (the “Warrants”), pursuant to prior authorizations from the Board of Directors. AIG repurchased an additional approximately $946 million of AIG Common Stock through November 2, 2016. AIG’s aggregate remaining share repurchase authorization, inclusive of today’s announced $3.0 billion authorization, is approximately $4.4 billion. Repurchases may be made from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions, or otherwise (including through the purchase of warrants).

For a dividend history and other dividend-related data on AIG (AIG) click here.

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