Seattle-based insurer Safeco said it declared a quarterly dividend payment of 40 cents a share on its common stock payable on July 28 to shareholders of record as of July 11.
The payment comes only a few short weeks after it was announced that Liberty Mutual Group plans to acquire Safeco for $6.2 billion, or $68.25 per share in cash.
The move still awaits shareholder and regulatory approval. The deal is expected to close by the end of the third quarter of this year.
The company reported last month that its first-quarter net income dropped $41 million to $142 million, which translated into net income per share of $1.57, down 14 cents a share from the comparative period.
The combined ratio rose 3.2 points to 93 from the same period in 2007.
Net written premiums fell $29 million in the quarter to $1.36 billion compared to the same period last year.
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