American International Group Inc (AIG) Declares Quarterly Dividend of $0.32

American International Group Inc (NYSE:AIG) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.32 per share by the insurance provider on Thursday, March 29th. This represents a $1.28 dividend on an annualized basis and a yield of 2.20%.

American International Group has raised its dividend by an average of 36.8% annually over the last three years. American International Group has a dividend payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American International Group to earn $5.57 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 23.0%.

Shares of American International Group (AIG) traded down $2.20 during trading on Thursday, reaching $58.28. The company’s stock had a trading volume of 7,370,000 shares, compared to its average volume of 5,800,000. The company has a market capitalization of $52,390.00, a PE ratio of -23.41, a P/E/G ratio of 0.98 and a beta of 1.17. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.43. American International Group has a 52-week low of $57.85 and a 52-week high of $67.30.

A number of equities research analysts have issued reports on AIG shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $74.00 target price on shares of American International Group in a research report on Wednesday, December 6th. Wells Fargo & Co set a $75.00 price objective on American International Group and gave the company a “buy” rating in a research report on Tuesday, October 17th. Credit Suisse Group set a $73.00 price objective on American International Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research raised American International Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, ValuEngine cut American International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. American International Group has a consensus rating of “Hold” and an average price target of $67.46.

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American International Group Company Profile

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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