Quebec City, May 5, 2016 /CNW Telbec/ - The board of directors of Industrial Alliance Insurance and Financial Services Inc. (TSX: IAG) announced today an increase of $0.02 in its quarterly dividend per common share, raising it to $0.32. This dividend will be payable on June 15, 2016, to all common shareholders of record at the close of business on May 20, 2016.

Industrial Alliance reminds shareholders who wish to enrol in the company's Dividend Reinvestment and Share Purchase Plan ("DRIP") that they must do so no later than 4:00 p.m. on May 13, 2016, in order to reinvest the next dividend. To enrol, go to About iA on the company's website at ia.ca, and in the Investor Relations section, see the Dividends tab.

Please note that the common shares issued under the DRIP will be purchased on the secondary market and no discount will be applicable.

About iA Financial Group
Founded in 1892, iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, RRSPs, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups. It is one of the four largest life and health insurance companies in Canada and among the largest publicly traded companies in the country. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.

SOURCE Industrial Alliance Insurance and Financial Services Inc.