Erie Indemnity Company (ERIE) will raise its quarterly dividend to $0.7825 per share.The next quarterly dividend is payable Jan. 20, 2017, to shareholders of record as of Jan. 5, 2017, with a dividend ex-date of Jan. 3, 2017.
Erie Indemnity Company has paid regular shareholder dividends since 1933. The new annual dividend of $3.13 per share translates into an estimated yield of 2.7% based on a stock price of $114.60.
Erie Indemnity Company is a management company. Erie Insurance Exchange pays a management fee to Erie Indemnity Company. Erie Insurance Group, based in Erie, Pennsylvania, is a homeowners insurer and automobile insurer in the United States. Also the company is a property/casualty insurer in the United States.