AIG Hikes Quarterly Dividend 66.7 percent

NU Online News Service, Jan. 5, 11:15 a.m.EST?American International Group Inc. announced its boardof directors increased the quarterly cash dividend on AIG's commonstock to 12.5 cents per share from the previously declared 7.5cents per share, representing a 66.7-percent raise over theprevious dividend.[@@]

Commenting on the dividend increase, Chairman Maurice Greenbergsaid AIG has enjoyed significant growth in virtually all parts ofits business over the years. Mr. Greenberg said in a statement: "Inrecognition of AIG's superior financial position and our confidencein our strategic plans for future growth, we are pleased toincrease our cash dividend."

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