American Financial Group, Inc. Increases Quarterly Dividend From $0.63 To $0.71/Share
Portfolio Pulse from Happy Mohamed
American Financial Group, Inc. (NYSE:AFG) has announced an increase in its regular annual dividend from $2.52 to $2.84 per share of common stock, a 12.7% increase. The new dividend will be paid on a quarterly basis of $0.71 per share starting from October 2023. The company has increased its dividend for the last eighteen years, with a ten-year compound annual growth rate of 12.4%.
August 23, 2023 | 8:48 pm
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POSITIVE IMPACT
American Financial Group's decision to increase its dividend reflects the company's strong financial condition and prospects for long-term growth. This could potentially attract income-focused investors, leading to a positive impact on the stock price.
Dividend increases are generally seen as a positive signal by the market, indicating that a company is confident in its future earnings. This can attract income-focused investors who are looking for regular and increasing income streams, potentially leading to increased demand for the stock and a positive impact on the stock price.
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