Assurant Board of Directors Approves Common Stock Dividend Increase of 5%
NEW YORK--(BUSINESS WIRE)--Nov 8, 2019--
Assurant, Inc. (NYSE: AIZ), a leading global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases, announced that its Board of Directors approved a quarterly dividend increase of $0.03 to $0.63 per share of common stock.
“Our commitment to disciplined capital management and ability to generate strong cash flows has allowed us to increase our common stock dividend each year since our 2004 initial public offering,” said Alan Colberg, president and CEO, Assurant. “Earlier this year we announced our objective to return $1.35 billion to shareholders by the end of 2021, with common stock dividends being an important element of our capital return strategy.”
The Board also declared a quarterly dividend of $1.6250 per share of 6.50% mandatory convertible preferred stock.
Dividend information for Assurant’s common and preferred stock is as follows:
Common - The dividend will be payable on December 16, 2019 to stockholders of record as of the close of business on November 25, 2019.
Preferred – The dividend will be payable on December 16, 2019 to stockholders of record as of the close of business on December 1, 2019.
Future dividend declarations will be made at the discretion of the Assurant Board of Directors and will be dependent upon the company’s earnings, financial condition, capital requirements, future prospects, regulatory and other restrictions, among other factors.
Assurant, Inc. (NYSE: AIZ) is a leading global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases. Anticipating the evolving needs of consumers, Assurant partners with the world’s leading brands to develop innovative products and services and to deliver an enhanced customer experience. A Fortune 500 company with a presence in 21 countries, Assurant offers mobile device solutions; extended service contracts; vehicle protection services; pre-funded funeral insurance; renters insurance and lender-placed homeowners insurance. The Assurant Foundation strengthens communities by supporting charitable partners that help protect where people live and can thrive, connect with local resources, inspire inclusion and prepare leaders of the future.
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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE
SOURCE: Assurant, Inc.
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PUB: 11/08/2019 11:44 AM/DISC: 11/08/2019 11:44 AM