Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Company said it would pay a quarterly dividend of 13 cents per share payable on Sept. 28 to shareholders of record as of Sept. 14.
HRH said it has paid cash dividends quarterly and increased its dividend annually since 1986.
HRH reported first-quarter net income of $25.2 million, or 69 cents per share, compared with $25.9 million, or 71 cents per share, for the same period last year.
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