American Financial Group, Inc. (AFG) will raise its regular quarterly dividend by 12.5 percent to $0.45 per share in 2019. The insurance holding company already paid a special cash dividend of $1.50 per share in the second quarter of 2019.

The next dividend is payable on October 25, 2019 to holders of record on October 15, 2019. The new annual dividend of $1.80 per share yields 1.7% at a stock price of $103.

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.