Global reinsurer XL Group (NYSE:XL) announced today its third-quarter dividend of $0.14 per share, the same rate it's paid for the past two quarters after raising the payout 27%, from $0.11 per share.
The board of directors said the quarterly dividend is payable on Sept. 30 to the holders of record at the close of business on Sept. 13. The board also said it would pay a dividend of $8.6572 per share on its Series D preference ordinary shares, and a dividend of $32.50 per share on its Series E preference ordinary shares. Both these dividends would be paid on Oct. 15 to shareholders of record as of the close of business on Oct. 1.
The regular dividend payment equates to a $0.56-per-share annual dividend, yielding 1.7% based on the closing price today of XL Group's stock.
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.
More from The Motley Fool
Why Teva Pharmaceutical Industries, MercadoLibre, and XL Group Jumped Today
These stocks helped lift the market higher. Find out why.
5 S&P 500 Financial Stocks With Strong Short Covering
Are these stocks on the cusp of a comeback?
XL Group Goes Red
Just the facts, Fool.