AIG Board of Directors Declares Common Stock Dividend of $0.32 Per Share
May 02 2016 - 4:16PM
Business Wire
American International Group, Inc. (NYSE:AIG) today announced
that its Board of Directors declared a quarterly dividend of $0.32
per share on AIG Common Stock, par value $2.50 per share. The
dividend is payable on June 27, 2016, to stockholders of
record at the close of business on June 13, 2016.
"One of AIG's key strategic objectives is to return $25 billion
of capital to shareholders through share repurchases and
dividends,” said Douglas M. Steenland, Chairman of the Board of
Directors of AIG. “During the first quarter, we returned over $4.0
billion to shareholders through repurchases of both common stock
and warrants to purchase common stock and dividends paid. AIG
Management and the Board are focused on executing the strategic
plan and this quarter’s capital actions demonstrate our commitment
to the strategic objectives.”
This dividend will result in an adjustment to the exercise price
of the outstanding warrants (CUSIP number 026874156) (the
“Warrants”) to purchase shares of AIG Common Stock and an
adjustment to the number of shares of AIG Common Stock receivable
upon Warrant exercise. The exact adjustments, determined by a
formula set forth in the Warrant Agreement, will become calculable
on or around June 8, 2016, the day prior to the ex-dividend date.
Once the adjustments are determined, AIG will announce the actual
adjustment to the Warrant exercise price and shares receivable.
Further information on the Warrants and the adjustments is
available in the Investor Relations section of AIG’s website.
Certain statements in this press release constitute
forward-looking statements. These statements are not historical
facts but instead represent only AIG’s belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside AIG’s control. It is possible that actual results will
differ, possibly materially, from the anticipated results indicated
in these statements. Factors that could cause actual results to
differ, possibly materially, from those in the forward-looking
statements are discussed throughout AIG’s periodic filings with the
SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global
insurance organization serving customers in more than 100 countries
and jurisdictions. Founded in 1919, today we provide a wide range
of property casualty insurance, life insurance, retirement
products, mortgage insurance and other financial services to
customers in more than 100 countries and jurisdictions. Our diverse
offerings include products and services that help businesses and
individuals protect their assets, manage risks and provide for
retirement security. AIG common stock is listed on the New York
Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com and
www.aig.com/strategyupdate | YouTube: www.youtube.com/aig |
Twitter: @AIGinsurance | LinkedIn:
http://www.linkedin.com/company/aig. These references with
additional information about AIG have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160502005952/en/
American International Group, Inc.Liz Werner (Investors),
212-770-7074elizabeth.werner@aig.comorFernando Melon (Investors),
212-770-4630fernando.melon@aig.comorJennifer Hendricks Sullivan
(Media), 212-770-3141jennifer.sullivan@aig.com
American (NYSE:AIG)
Historical Stock Chart
From Mar 2024 to Apr 2024
American (NYSE:AIG)
Historical Stock Chart
From Apr 2023 to Apr 2024