NEW YORK CITY (dpa-AFX) - American International Group, Inc. (AIG) announced its Board authorized the repurchase of additional shares of AIG Common Stock with an aggregate purchase price of up to $5.0 billion. AIG's aggregate remaining share repurchase authorization, inclusive of the announced $5.0 billion authorization, is approximately $5.8 billion.
The company declared a 14 percent increase in the quarterly dividend to $0.32 per share on AIG Common Stock, par value $2.50 per share. The dividend is payable on March 28, 2016, to stockholders of record at the close of business on March 14, 2016.
AIG also said its Board has agreed to expand the size of the Board from 14 seats to 16 seats.
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