Insurance holding company American Financial Group (AFG) has declared a special one-time dividend of $14 per share, in addition to the $0.50 quarterly cash dividend that was last paid on April 26.
The dividend is payable on June 15 to shareholders of record as of June 8. This announcement comes after American Financial sold its annuity businesses to Massachusetts Mutual Life Insurance Company (MassMutual) for an after-tax cash consideration of $3.5 billion.
With this special dividend, American financial…

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