Dallas-based Republic Companies Group Inc. announced that its Board of Directors has declared a quarterly common stock dividend of 12 cents per share payable on Oct. 14, 2005, to shareholders of record at the close of business on Sept. 30, 2005.
Parker Rush, president and chief executive officer commented, “We are pleased to pay our first quarterly common stock dividend shortly after our initial public offering and believe shareholder value is enhanced by our disciplined capital management.”
Republic Companies Groupis a holding company of a group of insurance companies and related entities that provide personal and commercial property and casualty insurance products to individuals and small to medium- size businesses primarily in Texas, Louisiana, Oklahoma and New Mexico.
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