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.
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