AFG announces bumper special dividend to follow annuity business sale
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

AFG announces bumper special dividend to follow annuity business sale

Samuel Casey
May 20, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
afg-american-financial-group-logo-cincinnati.jpg

American Financial Group (AFG) has announced it plans to pay a special, one-time cash dividend of $12-$14 per share following the sale of its annuity business to Massachusetts Mutual.

The sale is due to close in the second quarter of 2021, when AFG is expected to receive after-tax cash sale proceeds of $3.4bn.

AFG

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsAmerican Financial GroupM&A
sam casey/sam casey ii us.png
Samuel Casey
Senior Reporter
Contact
Gift this article