EMC Insurance Keeps Dividend Steady
EMC Insurance this week declared plans to keep its quarterly dividend payout steady at $0.21 per share of common stock.
The insurance company has paid this amount to investors since November 2012, after raising its amount by 5% from $0.20. EMC's latest dividend will be payable on Sept. 17 to stockholders of record as of Sept. 10, and marks the company's 127th consecutive quarterly dividend since going public in February 1982.
On an annualized basis, EMC's most recent payout factors out to $0.84 per share of common stock. The company's stock price was $26.89 as of the market's close on Aug. 28, which means its latest quarterly dividend yields approximately 3.1%.
The article EMC Insurance Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Caroline Bennett 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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