Delphi Financial Announces 10% Increase in Cash Dividend
August 05 2010 - 8:37AM
Business Wire
Delphi Financial Group, Inc. (NYSE: DFG) announced today that
its Board of Directors declared a cash dividend of $0.11 per share
for the third quarter of 2010, a 10% increase from its previous
quarterly dividend of $0.10 per share. The dividend will be payable
on September 1, 2010 to shareholders of record at the close of
business on August 18, 2010.
Robert Rosenkranz, Chairman and Chief Executive Officer, said,
“This dividend increase reflects our confidence in the strength of
our capital position and in our earnings outlook.”
Delphi Financial Group, Inc. is an integrated employee benefit
services company. Delphi is a leader in managing all aspects of
employee absence to enhance the productivity of its clients and
provides the related group insurance coverages: long-term and
short-term disability, life, excess workers’ compensation for
self-insured employers, large casualty programs including large
deductible workers’ compensation, travel accident, dental and
limited benefit health insurance. Delphi’s asset accumulation
business emphasizes individual annuity products. Delphi’s common
stock is listed on the New York Stock Exchange under the symbol DFG
and its corporate website address is www.delphifin.com.
In connection with, and because it desires to take advantage of,
the “safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995, Delphi cautions readers regarding certain
forward-looking statements in the foregoing discussion and in any
other statements made by, or on behalf of, Delphi, whether in
future filings with the Securities and Exchange Commission or
otherwise. Forward-looking statements are statements not based on
historical information and which relate to future operations,
strategies, financial results, prospects, outlooks or other
developments. Some forward-looking statements may be identified by
the use of terms such as “expects,” “believes,” “anticipates,”
“intends,” “judgment,” “outlook,” “effort,” “attempt,” “achieve,”
“project,” or other similar expressions. Forward-looking statements
are necessarily based upon estimates and assumptions that are
inherently subject to significant business, economic, competitive
and other uncertainties and contingencies, many of which are beyond
Delphi’s control and many of which, with respect to future business
decisions, are subject to change. Examples of such uncertainties
and contingencies include, among other important factors, those
affecting the insurance industry generally, such as the economic
and interest rate environment, federal and state legislative and
regulatory developments, including but not limited to changes in
financial services, employee benefit and tax laws and regulations,
changes in accounting rules or interpretations thereof, market
pricing and competitive trends relating to insurance products and
services, acts of terrorism or war, and the availability and cost
of reinsurance, and those relating specifically to Delphi’s
business, such as the level of its insurance premiums and fee
income, the claims experience, persistency and other factors
affecting the profitability of its insurance products, the
performance of its investment portfolio and changes in Delphi’s
investment strategy, acquisitions of companies or blocks of
business, and ratings by major rating organizations of Delphi and
its insurance subsidiaries. These uncertainties and contingencies
can affect actual results and could cause actual results to differ
materially from those expressed in any forward-looking statements
made by, or on behalf of, Delphi. Forward-looking statements
contained in the foregoing discussion are made as of the date of
this press release and Delphi disclaims any obligation to update
these or any other forward-looking statements.
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