Insurance holding company American Financial Groupannounced today its second-quarter dividend of $0.195 per share, the same rate it's paid for the past three quarters after raising the payout 11% from $0.175 per share.
The board of directors said the quarterly dividend is payable on July 25 to the holders of record at the close of business on July 15. The insurance holding company has made quarterly payouts to investors since 2002. It paid a special dividend of $0.25 per share in December 2012.
The regular dividend payment equates to a $0.78-per-share annual dividend, yielding 1.6% based on the closing price of American Financial Group's stock on June 28.
The article American Financial Keeps Dividend Steady 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.