Assurant (AIZ) will raise its quarterly dividend by 5.7 percent $0.56 per share in the fourth quarter of 2017. 

The new dividend will be paid on December 18, 2017 to shareholders of record on November 27, 2017. The new dividend yield for AIZ is 2.3%.

“We are pleased to continue our strong track record of dividend increases. We’ve now increased our dividend each year since our initial public offering in 2004,” said Alan Colberg, president and chief executive officer, Assurant. “This increase supports our commitment to complete the $1.5B capital return to shareholders by the end of 2017 and affirms our belief that we will continue to generate strong cash flow over the long-term.”

Assurant, Inc. is a provider of risk management solutions in the housing and lifestyle markets, protecting where people live and the goods they buy. The company operates in North America, Latin America, Europe and Asia Pacific through three operating segments: Global Housing, Global Lifestyle and Global Preneed. Assurant, Inc. was incorporated as a Delaware corporation in 2004 and has paid a dividend every year since the company went public.