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Assurant Board of Directors Approves Common Stock Dividend Increase of 3%
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
managementdividends
Rhea-AI Summary
Assurant, Inc. (NYSE: AIZ) has announced a quarterly dividend increase of $0.02, bringing the total to $0.68 per common share. This dividend will be paid on December 20, 2021, to stockholders of record by November 29, 2021. CEO Alan Colberg emphasized the company’s disciplined capital management and robust cash generation, reaffirming the strength and visibility of Assurant's future cash flows. This marks the 17th consecutive dividend raise since its IPO and highlights the company’s commitment to returning capital to shareholders.
Positive
Quarterly dividend increased by $0.02 to $0.68 per share.
Completion of a $1.35 billion capital return objective signifies financial stability.
Negative
None.
Raises Quarterly Dividend by $0.02 to $0.68 per Common Share
NEW YORK--(BUSINESS WIRE)--
Assurant, Inc. (NYSE: AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, announced today that its Board of Directors approved a quarterly dividend increase of $0.02 to $0.68 per share of common stock. The dividend will be payable on December 20, 2021, to stockholders of record as of the close of business on November 29, 2021.
“Our disciplined capital management, driven by robust cash generation in our market-leading lifestyle and housing businesses, has always been a key differentiator for Assurant,” said Alan Colberg, CEO, Assurant. “That has allowed us flexibility to invest in our growth businesses and return capital to shareholders, including the recent completion of our three-year $1.35 billion capital return objective. Looking ahead, we are increasing the dividend 3 percent, marking the 17th consecutive dividend raise since our initial public offering and reaffirming the strength and ongoing visibility of Assurant’s future cash flow 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 provider of lifestyle and housing 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; renters insurance; lender-placed insurance products; and other specialty products. 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.
