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Corebridge Financial, Inc. (NYSE:CRBG) ("Corebridge" or the "Company") today announced that its Board of Directors has declared a special dividend of $0.62 per share payable on June 30, 2023, to common shareholders of record on June 16, 2023. The aggregate amount of the payment to be made in connection with this special dividend will be approximately $400 million.
This special dividend will be in addition to the Company's regular quarterly cash dividend of $0.23 per share which is payable on June 30, 2023, to common shareholders of record on June 16, 2023.
Peter Zaffino, Chairman and Chief Executive Officer of majority shareholder AIG (NYSE:AIG), and Chairman of the Board of Directors of Corebridge, said: "Returning excess capital to shareholders in the form of a special dividend reflects the Board's confidence in Corebridge's consistent performance and its liquidity position."
Kevin Hogan, President and Chief Executive Officer of Corebridge, added: "This special dividend is aligned with management's plan and commitment to provide attractive returns to shareholders."
