American International Group, Inc. (NYSE:AIG) Stock to Pay Quarterly Dividend of $0.50

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.50 per share by the insurance provider on Wednesday, December 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, December 16th.

American International Group has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 3 years. American International Group has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect American International Group to earn $8.72 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 22.9%.

American International Group Stock Down 2.1%

American International Group stock opened at $80.65 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group has a 1-year low of $71.25 and a 1-year high of $87.29. The firm’s fifty day simple moving average is $77.26 and its 200-day simple moving average is $76.84. The company has a market capitalization of $42.17 billion, a P/E ratio of 9.96, a P/E/G ratio of 0.86 and a beta of 0.48.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.18. The firm had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.42 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period in the prior year, the company posted $2.20 earnings per share. Sell-side analysts forecast that American International Group will post 8.07 earnings per share for the current fiscal year.

Trending Headlines about American International Group

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: AIG reported adjusted Q3 EPS of $2.06, above estimates of $1.88, with broad-based growth in net premiums written. Revenue of $7.42 billion was in line with expectations. AIG Q3 earnings beat on broad-based net premiums written growth
• Positive Sentiment: The company declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a yield of about 2.5%. AIG dividend announcement
• Negative Sentiment: General Insurance underwriting income fell 29%, with storm losses cited as a drag. Q3 EPS also declined from $2.20 a year earlier, tempering the earnings beat. AIG’s General Insurance Q3 Underwriting Income Down 29%

About American International Group

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.