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Infinity Property Keeps Dividend at $0.30

Auto insurer Infinity Property & Casualty  (NASDAQ: IPCC  )  announced yesterday its second-quarter dividend of $0.30, the same rate it paid in February when it raised the payout from $0.225 per share. Infinity has increased its dividend every year since 2004.

The board of directors said the quarterly payout is payable on June 28  to the holders of record at the close of business on June 14. 

The regular dividend payment equates to a $1.20-per-share annual dividend yielding 2% based on the closing price of Infinity Property & Casualty's stock on May 7.

IPCC Dividend Chart

IPCC Dividend data by YCharts.

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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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8/3/2015 3:15 PM
IPCC $78.06 Up +0.55 +0.71%
Infinity Property… CAPS Rating: *****

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