National Interstate Corp. (NATL) said Thursday that its Board of Directors approved an $0.11 per share dividend.
The first quarterly cash dividend for 2013 will be payable on March 22 to shareholders of record of the company's common stock on March 8.
The $0.11 per share dividend represents a 10% increase over quarterly dividend payments made in 2012.
The company has increased its dividend each year since its Initial Public Offering in 2005.
The company said its Board of Directors plans to continue to review the company's dividend policy at future first quarter meetings, with the anticipation of considering annual dividend increases in accordance with its dividend policy.
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