RICHMOND, Va., Sept. 20 /PRNewswire-FirstCall/ -- The board of directors
at Genworth Financial, Inc. today raised the regular quarterly per share
dividend for its Class A Common Stock to $0.090, an increase of 20 percent
over the previous quarterly rate of $0.075. The quarterly dividend is payable
on October 27, 2006 to holders of record as of October 12, 2006.
"Today's strong dividend increase reflects the strength of our businesses,
ongoing solid financial performance and progress on growth initiatives and
execution across all lines of our business," said Michael D. Fraizer, chairman
and chief executive officer. "We continue to generate good capital capacity
that enables us to invest in growth, execute our acquisition agenda and
further enhance shareholder value through our ongoing share repurchase
activity as well as this, our second annual dividend increase since our
initial public offering in 2004."
About Genworth Financial
Genworth is a leading insurance holding company, serving the lifestyle
protection, retirement income, investment and mortgage insurance needs of more
than 15 million customers, and has operations in 24 countries. For more
information, visit http://www.genworth.com.
SOURCE Genworth Financial, Inc.
CONTACT: Investors: Jean Peters, +1-804-662-2693,
Media: Phil Moeller, +1-804-662-2534,
both of Genworth Financial, Inc.