CINCINNATI--(BUSINESS WIRE)--Dec. 6, 2012--
American Financial Group, Inc. (NYSE/NASDAQ: AFG) announced today that
it has declared a special, one-time cash dividend of $0.25 per share of
American Financial Group Common Stock. The dividend is payable on
December 24, 2012 to holders of record on December 17, 2012. The
aggregate amount of the payment to be made in connection with this
special dividend will be approximately $23 million.
This special dividend is in addition to the Company’s regular quarterly
cash dividend of $0.195 per share that was paid on October 25, 2012.
AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner stated: “Today’s
announcement of a $0.25 per share special dividend is a reflection of
AFG’s strong financial position and our confidence in the Company’s
financial future. Returning capital to shareholders in this manner
allows us to maintain our conservative capital structure and preserve
the financial flexibility to grow our business, while allowing for
ongoing regular dividend payments and share repurchase opportunities.”
About American Financial Group, Inc.
American Financial Group is an insurance holding company, based in
Cincinnati, Ohio with assets in excess of $35 billion. Through the
operations of Great American Insurance Group, AFG is engaged primarily
in property and casualty insurance, focusing on specialized commercial
products for businesses, and in the sale of fixed and fixed-indexed
annuities in the education, bank and individual markets. Great American
Insurance Group’s roots go back to 1872 with the founding of its
flagship company, Great American Insurance Company.
Source: American Financial Group, Inc.
American Financial Group, Inc.
Diane P. Weidner, 513-369-5713
Vice President - Investor Relations