AIG (AIG) Declares $0.32 Quarterly Dividend; Approves $3B Buyback
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AIG Board of Directors Authorizes Repurchase of Additional Shares of AIG Common Stock, Declares Common Stock Dividend
August 2, 2016 4:17 PM EDTNEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced the following actions taken by its Board of Directors:
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. AIGs aggregate... More