The Traderszone Network

Published in TZ Latest News 3 August, 2015 by The TZ Newswire Staff

AIG doubles dividend, hikes share buyback

Operating profit, which excludes some investing results, was $1.39 a share, beating the $1.21 average estimate of 21 analysts surveyed by Bloomberg. Peter Hancock, who became chief executive officer last year, is also seeking to cut costs to help boost margins. AIG said Monday that it got about $410 million in the quarter through the sale of stock in consumer-finance company Springleaf Holdings Inc. Hancock in June raised about $3.7 billion in cash with the sale of most of its stake in AerCap Holdings NV.