HRH Declares Dividend
NU Online News Service, Aug. 19, 3:45 p.m. EST--Insurance broker Hilb, Rogal and Hamilton Company today announced a quarterly dividend of 9 cents per share, payable on Sept. 30 to shareholders of record as of Sept. 16.
The Richmond, Va.-based firm reported late last month a 61 percent increase in net income and 23 percent rise in revenues for the second quarter of 2002.
HRH said income increased $4.7 million from $7.8 million for the three months ending June 30, 2001, to $12.5 million for the same period ending 2002.
Earnings per share rose 54 percent from 26 cents per share for the second quarter of 2001, to 40 cents per share for 2002.
Revenues increased $18 million in the second quarter, going from $78 million in 2001 to $96 million in 2002, the company said.
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