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Stock Market & Financial Investment News

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February 14, 2013
17:05 EDTNATLNational Interstate increases quarterly dividend
National Interstate announced that on February 12, its Board of Directors approved an 11c per share dividend. The first quarterly cash dividend for 2013 will be payable on March 22, to shareholders of record of the Company's common stock as of the close of business on March 8. The 11c per share dividend represents a 10% increase over quarterly dividend payments made in 2012. The company has increased its dividend each year since its Initial Public Offering in 2005. The Board of Directors intends to continue to review the Company's dividend policy at future first quarter meetings, with the anticipation of considering annual dividend increases in accordance with its dividend policy.
News For NATL From The Last 14 Days
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February 24, 2015
16:59 EDTNATLNational Interstate raises quarterly dividend to 13c from 12c
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16:58 EDTNATLNational Interstate reports Q4 EPS 25c, consensus 34c
Reports Q4 revenue $154.9M. The company said, "We had another challenging year in 2014 primarily due to continued high severity in the commercial auto liability coverages. Although we will never make excuses or be satisfied with combined ratios near or worse than breakeven, we note that our commercial auto liability results are consistent with industry trends. We continue to believe our current risk selection and pricing have improved as evidenced by approximately $105 million of business we non-renewed in the past 24 months, the continuous rate increases since 2012, and with many of our specialty niche insurance products performing well on an accident year basis."

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