General Accident Insurance has declared an interim dividend of 0.08728 cents per share payable on October 14, 2013 to shareholders on record as at October 9, 2013. The stock will trade ex-dividend on October 7, 2013. This means that investors who hold the stock prior to the and up to the start of the ex-dividend date will be entitled to the pay-out.
The company last paid an interim dividend of 4.85 cents per share payable on March 28, 2012 to shareholders on record as at March 15, 2013. This added dividend payment brings the total for the year to 13.578 or a yield of nearly 8 percent based on the current stock price.
In 2012, they made two payments of 4.85 cents each. The 2013 payment represents a 40 percent increase over the 2012 payment and is likely a signal of continuation of improved profits for this year.
General Accident performed well in both the first and second quarters of this year with profit increasing 48 percent to $80 million in the second quarter bringing the six month results to $177.7 million, an increase of 57 percent over the same period in 2012.
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