American International Group, Inc. (NYSE:AIG) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Investors of record on Friday, December 8th will be paid a dividend of 0.32 per share by the insurance provider on Friday, December 22nd. This represents a $1.28 annualized dividend and a yield of 1.98%.

American International Group has increased its dividend payment by an average of 85.7% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. American International Group has a dividend payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American International Group to earn $5.28 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 24.2%.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.33. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $12.61 billion. American International Group had a positive return on equity of 6.06% and a negative net margin of 0.53%. During the same period last year, the company earned $0.98 EPS.

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A number of analysts recently issued reports on AIG shares. BidaskClub downgraded American International Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Bank of America Corporation cut their price objective on American International Group from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, October 10th. Zacks Investment Research downgraded American International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Morgan Stanley reissued a “buy” rating on shares of American International Group in a research report on Tuesday, October 10th. Finally, Atlantic Securities cut American International Group from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. American International Group presently has a consensus rating of “Hold” and an average target price of $68.18.

About American International Group

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Dividend History for American International Group (NYSE:AIG)

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