Lancaster, PA – Eastern Insurance Holdings, Inc. (NASDAQ: EIHI) recently announced that its board of directors declared a $0.11 per share quarterly cash dividend on its issued and outstanding shares of common stock, an increase from $0.09 per share.
The dividend will be payable on June 28, 2013 to shareholders of record at the close of business on June 14, 2013. This is the twenty-sixth consecutive quarterly cash dividend that EIHI has declared since becoming a public company on June 16, 2006, and its third dividend increase.
“Today’s dividend increase reflects EIHI’s strong financial performance and our continued commitment to capital management,” said Michael L. Boguski, President and Chief Executive Officer of EIHI. “The decision to increase the dividend demonstrates our commitment to enhance total return for our shareholders.”
EIHI operates through its subsidiaries a domestic casualty insurance group specializing in workers’ compensation products and services and a segregated portfolio cell reinsurance business. EIHI has service offices in Pennsylvania, North Carolina, Indiana, Tennessee, Virginia and Mississippi.