A Lancaster insurance holdings company announced a cash dividend for the 27th consecutive quarter.
Eastern Insurance Holdings Inc. said Thursday its board of directors authorized an 11-cent per share cash dividend on its issued and outstanding shares of common stock. The dividend is available Sept. 27 to shareholders of record as of Sept. 13.
The company said it's the 27th consecutive quarter with an announced stock dividend, going back to when it went public in June 2006.
It operates a domestic casualty insurance group specializing in worker compensation products and services, along with a segregated portfolio cell reinsurance business. It operates in Pennsylvania, North Carolina, Indiana, Tennessee, Virginia and Mississippi and trades on the Nasdaq under the ticker symbol EIHI.