Birmingham, Ala.-based Vesta Insurance Group Inc. announced that at its meeting on May 13, 2003, the company’s Board of Directors declared a quarterly cash dividend for the period ending March 31, 2003 of $0.025 per share on the company’s common stock .
The dividend is payable on June 12, 2003 to shareholders of record on May 27.
Vesta also announced that its non-standard agency subsidiary, Instant Insurance Holdings Inc., has purchased the remaining 20 percent of the InsureOne Agency for approximately $9.6 million. The transaction is effective April 1, 2003.
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