LandAmerica Ups Dividend
LandAmerica Financial Group here has increased its dividend by three cents to $0.40 per share, the company announced.
"This dividend rate increase reflects our strong earnings and cash flow for the first half of 2003, our positive outlook for the remainder of the year and our confidence that we will continue to successfully execute the company's strategy," said chairman and CEO Charles Foster.
The dividend will be payable Sept. 12 to shareholders of record on Aug. 29.
LandAmerica is a provider of title insurance and a broad range of real estate-related products and services. Through
subsidiaries Commonwealth Land Title Insurance Co., Lawyers Title Insurance Corp. and Transnation Title Insurance Co., the firm serves residential and commercial customers with more than 700 offices and a network of 10,000 agents in the U.S., Canada, Mexico, the Caribbean, Central and South America.
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