The Board of Directors of Plantation, Fla.-based 21st Century Holding Company announced today that they are raising the Company’s dividend 11 percent from $.09 per share to $.10 per share payable on December 1, 2003 to shareholders of record as of November 3, 2003.
Through subsidiaries the company underwrites standard and non-standard personal automobile insurance, flood insurance, general liability insurance, mobile home insurance and homeowners’ property and casualty insurance in Florida. It also has underwriting authority and processes claims for third party insurance companies, among other things.
Board chairman Edward J. Lawson, said, the “company’s strong fundamentals and continued profitability” accounted for the increase. He added, “This is the fifth consecutive quarter where the dividend has been increased.”