The Insurance Australia Group Ltd (ASX: IAG) share price closed 0.82% higher at $8.61 on Thursday.
The insurance giant had a big year in 2024, with the IAG share price rocketing 49.5%.
IAG was among the top 10 ASX 200 large-caps for share price growth in 2024. It was a vast outperformance on the benchmark S&P/ASX 200 Index (ASX: XJO), which lifted 7.49%.
IAG shares investors were also pleased to receive significantly higher dividends in 2024. The company paid 27 cents per share in dividends, plus partial franking, last year — a substantial 80% increase on the 15 cents per share paid in 2023.
Wondering how much IAG shares will pay this year? In this article, we'll tell you when you will find out, as IAG has just released its corporate calendar for 2025.
Let's review the important dates for IAG shareholders in the new year.
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Dividends and other important dates for IAG investors
IAG will release its FY25 half-year results and interim dividend on 13 February.
Top broker Macquarie is tipping a 'strong' first-half result for the insurance major.
The ex-dividend date for the interim IAG dividend will be 18 February.
The record date will be 19 February.
New investors who want their dividends automatically reinvested in more IAG shares through the dividend reinvestment plan (DRP) must submit their DRP elections by 5pm AEST on 20 February.
IAG will pay the dividend to investors on 27 March.
The company will announce its FY25 full-year results and final dividend on 13 August.
The ex-dividend date for the final dividend will be 21 August.
The record date will be 22 August, and the DRP election date will be 25 August.
IAG will pay the dividend on 25 September.
The insurer will host its annual general meeting on 23 October.
Are IAG shares a buy?
Ord Minnett analysts think the IAG share price has more room to run. The broker has an accumulate rating with a 12-month share price target of $9.30.
Goldman Sachs has a neutral rating on IAG shares with a price target of $8.05.
UBS has a neutral rating and an $8.55 price target on IAG. Despite seeing the share price as fully valued, it has a positive outlook for the business.
UBS expects IAG to report 45% growth in its net profit after tax (NPAT) to $1.13 billion in FY25.
The broker predicts IAG shares will pay an annual dividend of 29 cents per share this year.
