The Biz Buzz

Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.

NOTICE: The Biz Buzz has moved.

With the launch of our new website, we've moved The Biz Buzz.
Visit the new section.

Safeco raises its dividend

Post by Marcelene Edwards on May 2, 2007 at 1:16 pm with No Comments »
May 2, 2007 1:16 pm

Safeco Corp., a home and car insurer based in Seattle, raised its quarterly dividend by a third to 40 cents a share, Bloomberg News reported.


The increase applies to shareholders of record as of July 6, and will be payable July 23, Safeco said in a statement. The action brings the annual dividend rate to $1.60 a share.


Safeco last raised its dividend to 30 cents on May 3, 2006. It has more than doubled its annual dividend rate in the past four years, the company said.

Categories:
General
Leave a comment Comments
*
We welcome comments. Please keep them civil, short and to the point. ALL CAPS, spam, obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part and abiding by these simple rules.

JavaScript is required to post comments.

Follow the comments on this post with RSS 2.0