Raises Quarterly Dividend by $0.03 to $0.56 per Common Share
NEW YORK--(BUSINESS WIRE)-- Assurant, Inc. (AIZ) (NYSE: AIZ), a global provider of risk management solutions, announced that its Board of Directors approved a quarterly dividend increase of $0.03 to $0.56 per share of common stock. The dividend will be payable on Dec. 18, 2017 to stockholders of record as of the close of business on Nov. 27, 2017.
“We are pleased to continue our strong track record of dividend increases. We’ve now increased our dividend each year since our initial public offering in 2004,” said Alan Colberg, president and chief executive officer, Assurant. “This increase supports our commitment to complete the $1.5B capital return to shareholders by the end of 2017 and affirms our belief that we will continue to generate strong cash flow over the long-term.”
Future dividend declarations will be made at the discretion of the Assurant Board of Directors and will be dependent upon the company's earnings, financial condition, capital requirements, future prospects, regulatory and other restrictions, among other factors.
Assurant is a global leader in risk management solutions, helping protect where people live and the goods they buy. Millions of consumers count on Assurant’s innovative products, services and support for major purchases like homes, cars, appliances, mobile devices and funerals. Assurant partners with leading companies that make, sell or finance those purchases to take great care of their customers and help their business grow. A member of the Fortune 500, Assurant has a market presence in 16 countries worldwide. As of September 30, 2017, the company had $32 billion in assets and $6 billion in annualized revenue. Learn more at assurant.com or follow us on Twitter @AssurantNews.
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Linda Recupero, 212.859.7005
Senior Vice President, Enterprise Communication
Suzanne Shepherd, 212.859.7062
Vice President, Investor Relations
Sean Moshier, 212.859.5831
Manager, Investor Relations
Source: Assurant, Inc.Copyright Business Wire 2017