Two large financial services companies today said they will maintain or increase dividend payments.
Genworth Financial Inc., Richmond, Va., says it will pay a quarterly dividend of 65.625 cents per outstanding share of its Series A Cumulative Preferred Stock.
The dividend, which is the same dividend that Genworth paid on the preferred shares during the previous quarter, will be paid Dec. 1 to investors who hold company shares Nov. 14.
The board of StanCorp Financial Group Inc., Portland, Ore., the parent of Standard Insurance Company, says it will increase its annual cash dividend on common stock to 75 cents per share, from 72 cents per share.
The StanCorp dividend is payable Dec. 5 to investors who hold StanCorp shares Nov. 14.
StanCorp also reports that it will be giving itself until Dec. 31, 2009, to complete its current share repurchase program.
The share repurchase program originally was set to expire Sept. 30, 2008.