American financial group, inc. announces intention to declare special dividend

Cincinnati--(business wire)--american financial group, inc. (nyse: afg) announced today that it intends to pay a special, one-time cash dividend of $12.00 to $14.00 per share of american financial group common stock soon after the closing of the sale of its annuity business to massachusetts mutual life insurance company (massmutual). the dividend is subject to afg board of directors' approval. afg expects to receive total after-tax cash sale proceeds of $3.4 billion. the sale is expected to clo
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