November 17, 2008 at 10:40 AM
A financial services company says it will continue to reward common shareholders at the same rate but cannot make promises about the future.
The board of Assurant Inc., New York, has declared a quarterly dividend of 14 cents per common share.
The rate is the same as it was for the previous quarter.
Assurant will pay the dividend Dec. 10 to shareholders who own the stock Nov. 24.
“Future dividend declarations will be made at the discretion of the board of directors and will be based on such factors as the company’s earnings, financial condition, cash requirements, future prospects and other factors,” the company says.
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