American International Group, Inc. (NYSE: AIG) today announced the following actions taken by its Board of Directors:
- Declared a dividend of $0.125 per share on AIG common stock, par value $2.50 per share (AIG Common Stock), an increase of $0.025. The dividend is payable on Tuesday, March 25, 2014, to stockholders of record at the close of business on Tuesday, March 11, 2014.
- Authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $1.0 billion. As of February 13, 2014, AIG has repurchased approximately $600 million of shares of AIG Common Stock pursuant to a prior authorization from the Board of Directors to repurchase shares of AIG Common Stock with an aggregate purchase price of up to $1.0 billion, resulting in an aggregate remaining authorization of approximately $1.4 billion. Repurchases may be made from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions, or otherwise.