James River Group Announces Quarterly Dividends

James River Group said Wednesday its board of directors has adopted a policy providing for quarterly cash dividends. The Chapel Hill, N.C.-based insurance holding company said it intends to declare an initial quarterly cash dividend of 15 cents per share for the first quarter of 2007 at its meeting in February 2007. The dividend would be payable in March 2007. The amount will be determined by the board of directors in its discretion each quarter. "Having entered our fifth year of operations, we are very pleased to announce the board's adoption of a new cash dividend policy, which reflec...