Unitrin Inc: Key Developments
Unitrin, Inc. Maintains Quarterly Dividend
November 4, 2009 |
| Unitrin, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.20 per share payable on November 30, 2009, to its shareholders of record as of November 13, 2009. |
Unitrin, Inc. Announces Resignation Of Richard C. Vie As Chairman-Form 8-K
November 4, 2009 |
| Unitrin, Inc. reported in its Form 8-K on November 3, 2009, Richard C. Vie, Chairman of the Board of Directors, provided formal notice to the Nominating & Corporate Governance Committee of the Board that he intends to retire as an employee and executive officer of Unitrin and to step down as Chairman of the Board, effective December 31, 2009. |
Unitrin, Inc. Enters Into New $245 Million, Three-Year Revolving Credit Facility
November 2, 2009 |
| Unitrin, Inc. announced that it has entered into a new $245 million, three-year revolving credit facility that expires on October 30, 2012. The new facility replaces Unitrin`s facility that was set to expire on June 30, 2010. The new facility contains certain financial covenants including limits on total debt to total capitalization, consolidated net worth and minimum risk-based capital ratios for Unitrin`s largest insurance subsidiaries. Proceeds under the agreement can be used for general corporate purposes, including the repayment of existing indebtedness. Wells Fargo Securities, LLC served as Joint Lead Arranger and Sole Bookrunner on the facility while JP Morgan Securities Inc. served as Joint Lead Arranger. |
Unitrin, Inc. Maintains Quarterly Dividend
August 5, 2009 |
| Unitrin, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.20 per share payable on August 28, 2009, to its shareholders of record as of August 14, 2009. |
Unitrin, Inc. Announces Change In Quarterly Dividend Rate
May 6, 2009 |
| Unitrin, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.20 per share on its common stock, payable on June 1, 2009 to shareholders of record as of May 15, 2009. The quarterly dividend had previously been $0.47 per share. |
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