Des Moines-based F&G Annuities and Life Inc., an operating segment of Fidelity National Financial Inc. and a provider of annuity and life insurance products, announced Tuesday that its board of directors has approved the initiation of a dividend program. Under the new program, the company intends to pay quarterly cash dividends on its common stock at an initial aggregate amount of about $100 million per year starting in early 2023, a news release said. F&G intends to pay regular quarterly dividends with all future dividend payments subject to quarterly review and approval by its board and any required regulatory approvals. "At this time, we are on track to complete the pro rata distribution of approximately 15% of the shares of common stock of F&G to FNF shareholders and F&G's listing on the New York Stock Exchange under the symbol 'FG' during the fourth quarter of 2022, subject to customary approvals,” Chris Blunt, president and CEO of F&G, said in a statement. “Our Board's decision to initiate a dividend program reflects our confidence in F&G's operating performance, as well as our commitment to drive shareholder value by returning capital to shareholders while maintaining a strong balance sheet to support the growth of our business."