AIG (AIG) Declares $0.32 Quarterly Dividend; Approves $3B Buyback

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

The dividend will be payable on September 29, 2016, to stockholders of record on September 15, 2016, with an ex-dividend date of September 13, 2016.

The annual yield on the dividend is 2.4 percent.

Authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $3.0 billion. During the six-month period ended June 30, 2016, AIG repurchased approximately $6.2 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 $698 million of AIG Common Stock through August 2, 2016. AIG’s aggregate remaining share repurchase authorization, inclusive of today’s announced $3.0 billion authorization, is approximately $4.0 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).
Declared a quarterly dividend of $0.32 per share on AIG Common Stock, par value $2.50 per share. The dividend is payable on September 29, 2016, to stockholders of record at the close of business on September 15, 2016.

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

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