Delphi Financial Announces Dividend Increase
May 12 2011 - 8:00AM
Business Wire
Delphi Financial Group, Inc. (NYSE: DFG) announced today that
its Board of Directors declared a cash dividend of $0.12 per share
on the Company’s common stock for the second quarter of 2011, a 9%
increase from its previous dividend of $0.11 per share. Such
dividend will be payable on June 8, 2011 to shareholders of record
at the close of business on May 25, 2011.
Robert Rosenkranz, Chairman and Chief Executive Officer, said,
“This dividend increase reflects our confidence in Delphi’s
earnings outlook and our commitment to using our strong capital
position to deliver value for shareholders.”
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, health care 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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