- American Financial Group (NYSE:AFG) says it plans to pay a special, one-time cash dividend of $12.00 to $14.00 per share, on the closing of the sale of its Annuity business to Massachusetts Mutual Life Insurance Company, which is expected in Q2 2021.
- AFG expects to receive total after-tax cash sale proceeds of $3.4B.
- The dividend remains subject to AFG Board's approval.
- Stock moves up 2.31% in after-hours trading.
- Press Release
American Financial Group plans for special dividend on annuity business sale
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| Symbol | Last Price | % Chg |
|---|---|---|
| AFG | - | - |
| American Financial Group, Inc. | ||