The board of directors of National Interstate Corporation approved a $0.04 per share dividend at its Nov. 11, 2005 meeting. The cash dividend will be payable on Dec. 15, 2005 to shareholders of record of the company’s common stock as of the close of business on Dec. 1, 2005.
The board also approved a revision to the company’s dividend policy authorizing the payment of quarterly dividends on common shares equal to $0.04 per share. The declaration and payment of future dividends will remain subject to the discretion of the board.
National Interstate Corporation is a specialty property and casualty insurer with a niche orientation and focus on the transportation industry headquartered in Richfield, Ohio.
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