Travelers: dividend increased by 5% with quarterly results

(CercleFinance.com) - On its quarterly earnings call, Travelers' Board of Directors has announced a 5% increase in its regular quarterly dividend, to $1.
05 per share, to be paid from 28 June.

For Q1, the insurance company posted core EPS of $4.69, up 14% y-o-y, and core ROE of 15.4%, up 0.9 point.

Core revenue growth, mainly attributable to higher net investment income and a higher underlying underwriting gain, more than offset the increase in catastrophe losses, Travelers says. NB: pmt -2.6%.


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