Assurant Raises Quarterly Dividend to $0.10
May 19 2006 - 12:19PM
PR Newswire (US)
NEW YORK, May 19 /PRNewswire-FirstCall/ -- Assurant, Inc.
("Assurant") (NYSE:AIZ), a premier provider of specialty insurance
and insurance-related products and services, announced today that
its board of directors has declared a quarterly dividend of $0.10
per common share, a 25% increase over the common share dividend
declared on February 8, 2006. The dividend will be payable on June
13, 2006 to shareholders of record as of May 30, 2006. "The board's
decision to raise the dividend reflects Assurant's strong financial
position and our disciplined approach to capital management," said
Robert B. Pollock, Assurant's president and chief executive
officer. "We are focused on increasing shareholder value by
continuing to make investments that support the organic growth of
our businesses, by making prudent and opportunistic acquisitions,
and by returning capital to shareholders through share buybacks and
dividend increases." Future dividend declarations will be made at
the discretion of the board of directors and will be based on such
factors as 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 selected other international markets.
Its four key businesses -- Assurant Employee Benefits; Assurant
Health; Assurant Solutions and Assurant Specialty Property -- have
partnered with clients who are leaders in their industries and have
built leadership positions in a number of specialty insurance
market segments in the U.S. and selected international markets.
Assurant, which is traded on the New York Stock Exchange under the
symbol AIZ, has over $20 billion in assets and $7 billion in annual
revenue. http://www.assurant.com/ DATASOURCE: Assurant, Inc.
CONTACT: Press - Drew Guthrie, Manager, Communications and Media
Relations, Phone: +1-212-859-7002, Fax: +1-212-859-5893, ; or
Investor Relations - Melissa Kivett, Vice President, Investor
Relations, Phone: +1-212-859-7029, Fax: +1-212-859-5893, , or Larry
Cains, Senior Vice President, Investor Relations, Phone:
+1-212-859-7045, Fax: +1-212-859-5893, Web site:
http://www.assurant.com/
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