AIG (NYSE: AIG) declared a quarterly dividend of $0.28 per share, or $1.12 annualized. This is a 124% increase from the prior dividend of $0.125.

The dividend will be payable on September 28, 2015, to stockholders of record on September 14, 2015, with an ex-dividend date of September 10, 2015.

The annual yield on the dividend is 1.7 percent.

AIG also announced: Authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $5.0 billion. During the first half of 2015, AIG repurchased approximately $3.7 billion of shares of AIG Common Stock, pursuant to prior authorizations from the Board of Directors. AIG made additional repurchases of approximately $965 million through the end of July 2015. AIG’s aggregate remaining share repurchase authorization, inclusive of today’s announced $5.0 billion authorization, is approximately $6.3 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.

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