Financially troubled American International Group Inc. announced today that its board of directors has decided not to issue dividends on AIG common stock.
Bogged down by liquidity problems, the giant New York company last week secured an $85 billion federal loan in exchange for the government taking an 80 percent interest in the firm and an ouster of its management.
AIG's last dividend of 22 cents a share was issued on Friday, it was a 10 percent increase over the previous dividend and the 23rd consecutive year that AIG increased its dividend.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.