Assurant (AIZ) Raises Quarterly Dividend 66.7% to $0.50; 2.7% Yield

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Go back to Assurant (AIZ) Raises Quarterly Dividend 66.7% to $0.50; 2.7% Yield

Assurant (AIZ) to Sell Employee Benefits Unit; Announces Dividend Hike, $750M Common Stock Buyback

September 9, 2015 5:07 PM EDT

Assurant (NYSE: AIZ) announced it has entered into a definitive agreement to sell its employee benefits business for $940 million to Sun Life Assurance Company of Canada, the wholly-owned subsidiary of Sun Life Financial Inc. (NYSE: SLF). Assurant also announced that it will enhance its capital management plan and return additional capital to shareholders as its Board of Directors approved an increase in the... More