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|Genworth Financial Announces 11% Increase in Quarterly Cash Dividend|
RICHMOND, Va., Sept. 21 /PRNewswire-FirstCall/ -- The Board of Directors of Genworth Financial, Inc. (NYSE: GNW) today raised the regular quarterly dividend per share of its Class A Common Stock to $0.10, an increase of 11 percent over the previous quarterly rate of $0.09. The dividend is payable October 29, 2007 to stockholders of record as of the close of business on October 12, 2007.
"This dividend increase reflects Genworth's ongoing solid financial performance and progress on growth initiatives," said Michael D. Fraizer, chairman and chief executive officer. "We have increased common dividends more than 50 percent since the company's IPO in 2004, a practice we will continue to periodically assess as part of our overall capital management strategy."
About Genworth Financial
Genworth is a leading financial security company meeting the retirement, longevity, lifestyle protection, investment and mortgage insurance needs of over 15 million customers. It has a presence in more than 25 countries. For more information, visit genworth.com.SOURCE Genworth Financial, Inc.
CONTACT: Investors, Linnea Olsen, +1-804-662-2536,
Linnea.Olsen@genworth.com; or Media, Tom Topinka, +1-804-662-2444
Thomas.Topinka@genworth.com, both of Genworth Financial, Inc.
Web site: http://www.genworth.com