American International Group, Inc. (AIG) to Issue Quarterly Dividend of $0.50 on September 30th

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.50 per share by the insurance provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, September 16th.

American International Group has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. American International Group has a dividend payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of American International Group stock opened at $75.33 on Monday. American International Group has a 52 week low of $71.25 and a 52 week high of $87.29. The company has a 50 day moving average price of $77.79 and a 200 day moving average price of $76.82. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $39.39 billion, a P/E ratio of 13.77, a PEG ratio of 0.84 and a beta of 0.50.

American International Group (NYSE:AIG) last released its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. Sell-side analysts expect that American International Group will post 8.02 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on AIG shares. Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Mizuho raised their target price on shares of American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Cantor Fitzgerald decreased their price target on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Argus reissued a “buy” rating and issued a $90.00 price target on shares of American International Group in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada increased their target price on shares of American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $88.37.

About American International Group

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides commercial and personal insurance products and services. Through its General Insurance business, AIG offers property, casualty, liability, workers’ compensation, accident, specialty, and other insurance solutions to businesses, institutions, and individuals.

AIG serves multinational corporations, small and midsize businesses, public-sector organizations, and individual policyholders through a network spanning numerous countries and jurisdictions.