126 Straight Quarters of Dividends at EMC Insurance

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EMC Insurance  announced yesterday its second-quarter dividend of $0.21 per share, the same rate it paid the past two quarters after raising the payout 5%, from $0.20 per share.

The board of directors said the quarterly dividend is payable on June 11 to the holders of record at the close of business on June 4. EMC has made 126 consecutive quarterly dividend payments since going public in 1982.

The regular dividend payment equates to a $0.84-per-share annual dividend, yielding 3.0% based on the closing price of EMC Insurance's stock on May 23.

EMCI Dividend Chart

EMCI Dividend data by YCharts

The article 126 Straight Quarters of Dividends at EMC Insurance originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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