American International Group, Inc. (AIG) to Issue Quarterly Dividend of $0.40 on March 31st

American International Group, Inc. (NYSE:AIG) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.40 per share by the insurance provider on Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, March 17th.

American International Group has increased its dividend payment by an average of 6.8% per year over the last three years. American International Group has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect American International Group to earn $6.45 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 24.8%.

American International Group Trading Down 0.6 %

Shares of NYSE:AIG opened at $76.36 on Friday. The company has a market cap of $47.63 billion, a PE ratio of -22.53, a P/E/G ratio of 5.87 and a beta of 1.05. The company’s 50 day moving average is $73.46 and its two-hundred day moving average is $74.48. American International Group has a 52 week low of $68.04 and a 52 week high of $80.83. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. Equities analysts predict that American International Group will post 4.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on AIG shares. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Wells Fargo & Company upped their target price on shares of American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. dropped their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, American International Group presently has an average rating of “Hold” and an average price target of $84.13.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.