American Financial Group, Inc. (AFG) will pay a special dividend of $2.00 per share. Earlier this year the company raised its quarterly dividend by 11.1 percent to 50 cents per share. Last year the insurance holding company paid a special cash dividend of $1.80 per share in the fourth quarter of 2019, following a $1.50 per share special dividend paid earlier in 2019. The regular dividend was also hiked by 12.5 percent to 45 cents per share quarterly in 2019. The dividend is payable on December 29, 2020 to holders of record on December 21, 2020. A regular annualized dividend rate of $2.00 per share yields 2.3% at a stock price of $88. This special dividend is in addition to the Company’s regular quarterly cash dividend of $0.50 per share that was last paid on October 26, 2020. In the press release dated December 10, 2020, announcing this special dividend, AFG Co-CEOs Carl H. Lindner III and S. Craig Lindner stated: “Returning excess capital to shareholders in the form of this $2.00 spec