American International Group Inc to Issue Quarterly Dividend of $0.32 (NYSE:AIG)
American International Group Inc (NYSE:AIG) declared a quarterly dividend on Thursday, February 13th, RTT News reports. Stockholders of record on Monday, March 16th will be given a dividend of 0.32 per share by the insurance provider on Monday, March 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.51%.
American International Group has a dividend payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American International Group to earn $5.07 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 25.2%.
AIG opened at $50.93 on Friday. The stock has a market cap of $47.10 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.07 and a beta of 1.12. The stock’s 50 day moving average price is $51.82 and its 200-day moving average price is $53.44. American International Group has a one year low of $40.00 and a one year high of $58.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.26 and a current ratio of 0.26.
AIG has been the topic of several research analyst reports. Evercore ISI initiated coverage on American International Group in a research note on Thursday, October 17th. They issued an “in-line” rating and a $54.00 price objective on the stock. ValuEngine cut American International Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a research note on Thursday. Citigroup initiated coverage on American International Group in a research note on Tuesday, January 21st. They issued a “neutral” rating and a $55.00 price objective on the stock. Finally, UBS Group dropped their price objective on American International Group from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. American International Group has an average rating of “Buy” and a consensus target price of $59.70.
About American International Group
American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
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