American Financial Group (AFG) Announces 12% Dividend Increase

American Financial Group (NYSE: AFG) nnounced that its Board of Directors has approved an increase in the Company’s regular annual dividend from $1.00 to $1.12 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of $0.28 per share of common stock beginning in October 2015. The new dividend rate represents a 12% increase over the annual rate paid thus far in 2015. The Company has increased its dividend in each of the last ten years.

Carl Lindner III and Craig Lindner, AFG’s Co-Chief Executive Officers, issued this joint statement: “We are pleased to announce this increase in the annual dividend paid to shareholders; a key component of our capital management strategy is to return excess capital to shareholders through dividends. AFG’s five-year compounded annual growth rate in dividends is approximately 12%. This increase reflects our confidence in the Company’s financial condition, liquidity, and prospects for long-term growth.”

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