By Colin Kellaher

 

Travelers Cos. (TRV) on Thursday said its board raised the quarterly dividend by 6.5% to 82 cents from 77 cents.

The new payout, equal to $3.28 a year, represents an annual yield of about 2.41% based on Wednesday's closing price of $135.87, up from about 2.27%.

The New York insurance company said the increased dividend is payable June 28 to shareholders of record June 10.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 18, 2019 07:28 ET (11:28 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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