Safeco declared a regular quarterly dividend of 40 cents a share on its common stock payable on Jan. 28 to shareholders of record as of Jan. 11.
Yesterday, the company reported net income was down 24 percent in the third quarter compared to the same period last year, dropping $61 million to $194 million, or $1.93, a drop of 27 cents a share. Consolidated revenues were down 1 percent, or $22 million, to $1.64 billion.
For the first nine months of the year compared to the same period last year, net income dropped 15 percent, or $100 million, to $563 million. Earnings per share were down 17 cents from $5.56 a share last year to $5.39. Consolidated revenues were down 1.5 percent, or $73 million, to $4.68 billion from $4.76 billion.
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