Today, American International Group (AIG) announced a 21.2% increase in its quarterly cash dividend. The quarterly dividend increase to 20 cents per share versus 16.5 cents per share in the same quarter last year. This new dividend will be payable in the 3rd quarter. The projected payout ratio on the estimated 2007 earnings of $6.48 is approximately 12% versus the 5-year average payout of 10%.
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