LandAmerica Announces Increase in Quarterly Dividend
July 29, 2004
RICHMOND, Va., /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. (NYSE: LFG), a leading provider of real estate transaction services, announced today it is raising its quarterly dividend by $.05 per share. The new quarterly dividend rate of $.15 per share represents a 50% increase over the previous level, and brings the annual dividend rate to $.60 per share. The quarterly dividend will be payable September 15, 2004, to shareholders of record September 1, 2004.
"This dividend rate increase reflects our continued strong earnings and cash flow and our positive outlook for the long term for our business," said Chairman and Chief Executive Officer Charles H. Foster, Jr. "Dividends are an increasingly important part of returns to shareholders, and regular review of our dividend policy is an important part of our delivery of value to shareholders."
Source: LandAmerica Financial Group, Inc.