DES MOINES, Iowa (AP) -- Principal Financial Group Inc., a retirement fund management and insurance company, said that its board approved the increase of its quarterly cash dividend to 21 cents.
The Des Moines, Iowa-based company said late Tuesday the new dividend, which represents a 17 percent increase over the company's previous dividend, will be paid on Sept. 28 to shareholders of record as of Sept. 6.
Principal Financial shares rose 32 cents to $27.10 in morning trading.
