The board of directors of American International Group Inc. (AIG) has increased the quarterly cash dividend on the company’s common stock to 12.5 cents per share from the previously declared 7.5 cents per share. The dividend is to be paid on March 18, 2005 to shareholders of record on March 4, 2005.
This represents an increase of 66.7 percent over the previous dividend.
AIG Chairman M. R. Greenberg said, “Over the years, AIG has had significant growth in virtually all parts of its business. In recognition of AIG’s superior financial position and our confidence in our strategic plans for future growth, we are pleased to increase our cash dividend.”
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