This excerpt taken from the NATL 8-K filed Nov 15, 2005.
National Interstate Corporation Announces Quarterly Dividend
RICHFIELD, Ohio, November 15, 2005/PRNewswire-FirstCall via COMTEX/National Interstate Corporation (Nasdaq: NATL) announced today that its Board of Directors approved a $0.04 per share dividend at its November 11, 2005 meeting. The cash dividend will be payable on December 15, 2005 to shareholders of record of the Companys common stock as of the close of business on December 1, 2005.
The Board of Directors also approved a revision to the Companys Dividend Policy authorizing the payment of quarterly dividends on common shares equal to $0.04 per share. The declaration and payment of future dividends will remain subject to the discretion of the Board of Directors.
Alan Spachman, Chairman and President said, We are pleased that the Board of Directors has initiated a revision of the Dividend Policy. By declaring our intention to begin paying a regular quarterly dividend, the Board of Directors is expressing its confidence in the Companys prospects for continued growth and profitability.