American International Group Inc. has decided to increase its quarterly cash dividend 20%, to 15 cents per share. [@@]
AIG Chief Executive Officer Martin Sullivan announced the move this morning at the company’s annual meeting.
All 15 directors won reelection to the board.
AIG will continue to separate the chairman and CEO jobs, and it will carry out one corporate governance reform effort by adding 3 new slots for independent directors.
Sullivan paid tribute Maurice Greenberg, who was ousted by the AIG board earlier this year, for his decades of service to AIG.