NEW YORK, May 8, 2015 -- Assurant, Inc. (NYSE: AIZ), a provider of specialty protection products and related services, announces that its Board of Directors declared a quarterly dividend of $0.30 per share of common stock. This represents an 11 percent increase above the prior quarterly dividend of $0.27 per share, declared on Jan. 9, 2015. The dividend will be payable on June 9, 2015 to stockholders of record as of the close of business on May 26, 2015.
“We are pleased to announce an 11 percent increase in our quarterly dividend, the 12th consecutive increase since Assurant went public in 2004, which highlights our financial strength and strong cash flow,” said Alan B. Colberg, Assurant's President and Chief Executive Officer. “This action demonstrates our ongoing commitment to disciplined capital management strategy, which allows us to return capital to shareholders while investing in our businesses for the future.”
Future dividend declarations will be made at the discretion of the Assurant Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future prospects and other factors.
Assurant safeguards clients and consumers when the unexpected occurs. A provider of specialty protection products and related services, Assurant operates in North America, Latin America, Europe and other select worldwide markets through four operating segments. Assurant Solutions, Assurant Specialty Property, Assurant Health and Assurant Employee Benefits partner with clients who are leaders in their industries to provide consumers peace of mind and financial security. Our diverse range of products and services include mobile device protection products and services; debt protection administration; credit-related insurance; warranties and extended service products and related services for consumer electronics, appliances and vehicles; pre-funded funeral insurance; lender-placed homeowners insurance; property, appraisal, preservation and valuation services; flood insurance; renters insurance and related products; manufactured housing homeowners insurance; individual health and small employer group health insurance; group dental insurance; group disability insurance; and group life insurance.
Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $31 billion in assets and $10 billion in annual revenue. Assurant has approximately 17,500 employees worldwide and is headquartered in New York's financial district. For more information on Assurant, please visit www.assurant.com and follow us on Twitter @AssurantNews.
Assistant Vice President, External Communication
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Assistant Vice President, Investor Relations