American Financial Group Inc. (AFG) announced that its Board of Directors has approved an increase in the company’s annual dividend from $.50 to $.55 per share of common stock. The increased dividend, when declared, will be paid on a quarterly basis of $.1375 per share of common stock beginning in January of 2006. The new dividend rate represents a 10 percent increase over the dividend paid in 2005.
Through the operations of the Great American Insurance Group, Cincinnati-based AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of retirement annuities, supplemental insurance and life products.
Was this article valuable?
Here are more articles you may enjoy.
2,900 Required Condo Inspections Were Never Completed, Florida Report Finds 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
Product-Defect Presumption Lives On: Florida Appeals Court Upholds $103M vs. Ford 
Law Restricts Her From Reducing ‘Excessive’ $91M Injured Worker Award, Judge Finds 
