American International Group, Inc. to Issue Quarterly Dividend of $0.45 (NYSE:AIG)

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Tuesday, November 4th. Shareholders of record on Tuesday, December 16th will be paid a dividend of 0.45 per share by the insurance provider on Tuesday, December 30th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, December 16th.

American International Group has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. American International Group has a dividend payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American International Group to earn $7.63 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 23.6%.

American International Group Price Performance

NYSE AIG traded down $2.63 during trading hours on Wednesday, hitting $78.08. The company had a trading volume of 2,160,433 shares, compared to its average volume of 4,494,400. American International Group has a 52 week low of $69.24 and a 52 week high of $88.07. The firm has a 50 day simple moving average of $79.45 and a 200 day simple moving average of $81.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $43.25 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.77 and a beta of 0.68.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company earned $1.23 EPS. Equities research analysts expect that American International Group will post 6.24 earnings per share for the current year.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.