ProAssurance Sets Dividend at $0.25
Specialty insurance company ProAssurance announced yesterday its second-quarter dividend of $0.25 per share, the same rate it's paid since it initiated a payout in 2011.
The board of directors said the quarterly dividend is payable on July 12 to the holders of record at the close of business on June 27.
The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 2% based on the closing price of ProAssurance's stock on May 22.
The article ProAssurance Sets Dividend at $0.25 originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.