Allied World Raises Dividend 33%

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.

AWH Dividend Chart

AWH Dividend data by YCharts

The article Allied World Raises Dividend 33% originally appeared on

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

Read Full Story