American International Group Inc (NYSE:AIG) declared a quarterly dividend on Thursday, February 13th, RTT News reports. Investors of record on Monday, March 16th will be paid a dividend of 0.32 per share by the insurance provider on Monday, March 30th. This represents a $1.28 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, March 13th.
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 $5.72 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 22.4%.
Shares of NYSE AIG opened at $48.48 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. American International Group has a 52 week low of $40.54 and a 52 week high of $58.66. The firm’s fifty day moving average is $51.82 and its 200 day moving average is $53.44. The company has a market cap of $44.31 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 1.01 and a beta of 1.12.
Several research analysts recently commented on the stock. ValuEngine downgraded shares of American International Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. UBS Group decreased their target price on shares of American International Group from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday. Citigroup assumed coverage on shares of American International Group in a research note on Tuesday, January 21st. They issued a “neutral” rating and a $55.00 target price on the stock. Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a research note on Thursday. Finally, TheStreet raised shares of American International Group from a “c” rating to a “b-” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently 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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