Ohio Casualty Corp. said it would pay a quarterly dividend of nine cents a share payable on Dec. 12 to shareholders of record as of Dec. 1.
The Fairfield, Ohio-based insurer reported net income was virtually flat at $55 million in the quarter, with net income per share rising four cents to 89 cents a share. Revenues were down $17 million, from $436 million to $419 million in the third quarter of 2006.
For the nine months, net income rose $7.4 million to $142.8 million, or $2.24 a share. Revenues are off $20 million, at $1.25 billion.
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