American Financial Group, Inc. (AFG) will raise its quarterly dividend by 14.3 percent to $0.40 per share in 2018. Earlier this year AFG also paid a $1.50 per share special dividend.

The next dividend will be paid on October 25, 2018, to shareholders of record on October 15, 2018. American Financial Group has now increased its dividend for 13 consecutive years.

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.