American Financial Group (AFG) will pay a special dividend of $2.00 per share. Its the second special dividend this year. In May a $1.50 per share special dividend was already paid by AFG. 

The dividend is payable on November 27, 2017 to shareholders of record on November 17, 2017. This special dividend is in addition to the company’s regular quarterly cash dividend of $0.35 per share. In August AFG raised its regular dividend by twelve percent.

AFG Co-CEOs S. Craig Lindner and Carl H. Lindner III stated: “Returning capital to shareholders in the form of this $2.00 special dividend reflects AFG’s strong financial position and our confidence in the Company’s financial future. Our excess capital remains at a level which affords us the financial flexibility to grow our business organically and opportunistically.”

American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of 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 fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.