AIG's Share Repurchase Authorization Increased By $2.5 Bln; Declares Dividend

(RTTNews) - American International Group, Inc. (AIG) announced its Board has authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $2.5 billion. AIG's aggregate remaining share repurchase authorization, inclusive of the announced $2.5 billion authorization, is approximately $3.8 billion.

During the three-month period ended March 31, 2017, AIG repurchased approximately $3.6 billion of AIG Common Stock, pursuant to prior authorizations. AIG repurchased an additional approximately $1.1 billion of AIG Common Stock through May 3, 2017.

The Board 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 28, 2017, to stockholders of record at the close of business on June 14, 2017.