American Financial Group, Inc. To Increase Its Dividend by 10%
15 11월 2005 - 6:08AM
PR Newswire (US)
CINCINNATI, Nov. 14 /PRNewswire-FirstCall/ -- American Financial
Group, Inc. (NYSE:AFG) Nasdaq announced today that its Board of
Directors has approved an increase in the company's annual dividend
from $.50 to $.55 per share of common stock. The increased
dividend, when declared, will be paid on a quarterly basis of
$.1375 per share of common stock beginning in January of 2006. The
new dividend rate represents a 10 percent increase over the
dividend paid in 2005. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041208/CLW086LOGO) Craig
Lindner and Carl Lindner III, AFG's Co-Chief Executive Officers,
stated that, "This dividend increase reflects our continued strong
financial performance, both in profitability and balance sheet
strength. Most importantly, this increase reflects AFG's solid
financial position, improved leverage profile and the confidence of
the Board and management in the company's long-term business and
financial outlook. The Board and management intend to review AFG's
dividend policy on an annual basis." Through the operations of the
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 retirement annuities,
supplemental insurance and life products. This press release
contains certain statements that may be deemed to be
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements in this press release not
dealing with historical results are forward-looking and are based
on estimates, assumptions and projections. Examples of such
forward-looking statements include statements relating to: the
Company's expectations concerning market and other conditions and
their effect on future premiums, revenues, earnings and investment
activities; recoverability of asset values; expected losses and the
adequacy of reserves for asbestos, environmental pollution and mass
tort claims; rate increases and improved loss experience. Actual
results could differ materially from those expected by AFG
depending on certain factors including but not limited to: the
unpredictability of possible future litigation if certain
settlements do not become effective, changes in economic conditions
including interest rates, performance of securities markets, the
availability of capital, regulatory actions and changes in the
legal environment affecting AFG or its customers, tax law changes,
levels of natural catastrophes, terrorist activities, including any
nuclear, biological, chemical or radiological events, incidents of
war and other major losses, development of insurance loss reserves
and other reserves, particularly with respect to amounts associated
with asbestos and environmental claims, availability of reinsurance
and ability of reinsurers to pay their obligations, trends in
mortality and morbidity, competitive pressures, including the
ability to obtain rate increases, and changes in debt and claims
paying ratings.
http://www.newscom.com/cgi-bin/prnh/20041208/CLW086LOGO
http://photoarchive.ap.org/ DATASOURCE: American Financial Group,
Inc. CONTACT: Anne N. Watson, Vice President, Investor Relations of
American Financial Group, Inc., +1-513-579-6652 Web site:
http://www.afginc.com/ http://www.greatamericaninsurance.com/
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