Specialty insurance provider Allied World Assuranceannounced yesterday its second-quarter dividend of $0.50 per share, a 33% increase from the payout it made last quarter of $0.375 per share, as approved by shareholders at the annual meeting last month.
The board of directors said the quarterly dividend is payable on July 3 to the holders of record at the close of business on June 25. The insurance provider has made quarterly payouts to investors since 2006.
The regular dividend payment equates to a $2.00-per-share annual dividend, yielding 2.2% based on the closing price of Allied World Assurance's stock on June 7.
The article Allied World Raises Dividend 33% originally appeared on Fool.com.
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