Navigators Group (NAVG) Initiates Qtr. Dividend at 9c/Share; Yields 0.4%

Navigators Group (NASDAQ: NAVG) has initiated a quarterly dividend at $0.09 per share, or $0.36 annualized.

The dividend will be payable on July 15, 2016, to stockholders of record on June 20, 2016, with an ex-dividend date of June 16, 2016.

The annual yield on the dividend is 0.4 percent.

This will be the first dividend in the Company’s history and coincides with the 30th anniversary of its listing on the NASDAQ Exchange on June 20, 2016.

“Our Board's decision to initiate a dividend demonstrates their confidence in the health of our business and our long-term prospects," said Stan Galanski, Chief Executive Officer of The Navigators Group, Inc. "While we remain committed to the ongoing organic growth of our business, the initiation of a dividend policy reflects our strong capital position and our emphasis on the long-term growth of shareholder value."

For a dividend history and other dividend-related data on Navigators Group (NAVG) click here.

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