Assurant Board of Directors Approves Common Stock Dividend Increase of 3%

Rhea-AI Summary

Assurant, Inc. (NYSE: AIZ) has announced a quarterly dividend increase of $0.02, raising the total to $0.70 per share. This dividend, marking the 18th consecutive increase since the company's IPO, is set to be paid on December 19, 2022, to shareholders on record as of November 28, 2022. Assurant's CEO, Keith Demmings, emphasized the company's strong business fundamentals and ongoing cash generation capabilities.

Positive

• Quarterly dividend increased by $0.02 to $0.70 per share.
• 18th consecutive dividend increase since IPO highlights strong cash generation.

Negative

• None.

Raises Quarterly Dividend by $0.02 to $0.70 per Common Share

NEW YORK--(BUSINESS WIRE)-- Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, announced today that its Board of Directors approved a quarterly dividend increase of $0.02 to $0.70 per share of common stock. The dividend will be payable on December 19, 2022 to stockholders of record as of the close of business on November 28, 2022.

“We have a compelling strategy with strong business fundamentals, and we continue to be good stewards of our capital,” said Keith Demmings, President and CEO, Assurant. “Our ability to increase our dividend for the 18th consecutive time since our initial public offering is a testament to the strength of our ongoing and future cash generation.”

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 restrictions and other considerations.

About Assurant

Assurant, Inc. (NYSE: AIZ) is a leading global business services company that supports, protects and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and to deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products and other specialty products.

Learn more at assurant.com or on Twitter @Assurant.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221110005794/en/

Media:

Linda Recupero

Senior Vice President, Global Enterprise Communications

Phone: 201.519.9773

linda.recupero@assurant.com

Stacie Sherer

Vice President, Corporate Communications

Phone: 917.420.0980

stacie.sherer@assurant.com

Investor Relations:

Suzanne Shepherd

Senior Vice President, Investor Relations and Sustainability

Phone: 201.788.4324

suzanne.shepherd@assurant.com

Sean Moshier

Vice President, Investor Relations

Phone: 914.204.2253

sean.moshier@assurant.com

Source: Assurant, Inc.

FAQ

What is the new dividend amount for Assurant, Inc. (AIZ)?

The new dividend amount is $0.70 per share.

When will the dividend be paid for AIZ?

The dividend will be paid on December 19, 2022.

What is the record date for the dividend payment of AIZ?

The record date for the dividend payment is November 28, 2022.

How many times has Assurant increased its dividend?

Assurant has increased its dividend for the 18th consecutive time since its IPO.

What factors influence future dividend declarations for AIZ?

Future dividend declarations will depend on earnings, financial condition, and other considerations.