Richmond, Va.-based Hilb Rogal & Hobbs Company has declared a fourth quarter dividend of 12 cents a share, payable on Dec. 29 to shareholders of record as of Dec. 15.
Last month, the Richmond, Va.-based insurance broker reported that for the third quarter, net income increased more than 300 percent, or $26 million, from a loss of $7 million, or 19 cents a share, to $19 million, or 53 cents a share. Revenues were up 5 percent, or $9 million, from $164 million to $173 million.
Net income rose 79 percent for the first nine months of this year, or $29 million, from $37 million, or $1.01 a share, to $66 million, or $1.81 a share. Revenues were up 5 percent, or $25 million, from $510 million to $535 million.
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