Assurant Board of Directors Approves 10th Dividend Increase
Declares Quarterly Dividend of $.25 per Common Share
NEW YORK--(BUSINESS WIRE)-- Assurant, Inc. (NYS: AIZ) , a premier provider of specialty insurance and insurance-related products and services, announces that its Board of Directors has declared a quarterly dividend of $.25 per share of common stock. This represents a 19 percent increase above the quarterly dividend of $.21 per share, declared on Jan. 11, 2013. The dividend will be payable on June 11, 2013 to stockholders of record as of the close of business on May 28, 2013.
"The strength of the Assurant business model allows us to again increase our dividend and create additional value for our shareholders," said Robert B. Pollock, Assurant's president and CEO. "We are pleased to be among a select group of companies to have consistently raised their dividend during the past decade."
Future dividend declarations will be made at the discretion of the Assurant Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects and other factors.
Assurant is a premier provider of specialized insurance products and related services in North America and select worldwide markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $29 billion in assets and $8 billion in annual revenue.
Vera Carley, Director, Media Relations and Financial Communications, 212.859.7002
Investor Relations Contacts:
Francesca Luthi, Senior Vice President, Investor Relations, 212.859.7197
Suzanne Shepherd, Director, Investor Relations, 212.859.7062
KEYWORDS: United States North America New York
The article Assurant Board of Directors Approves 10th Dividend Increase originally appeared on Fool.com.
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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.