Specialized insurance products provider Assurant (NYSE:AIZ) announced yesterday its third-quarter dividend of $0.25 per share, the same rate it paid last quarter after raising the payout 19%, from $0.21 per share.
The board of directors said the quarterly dividend is payable on Sept. 10 to the holders of record at the close of business on Aug. 26. The Insurance company has made quarterly payouts to investors since 2004.
The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 1.9% based on the closing price of Assurant's stock on July 11.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.