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News Breaks | | | | November 19, 2012 | | 16:38 EDT |  | ERIE | Erie Indemnity increases quarterly dividend; declares special dividend
Erie Indemnity announced an increase in regular shareholder dividends and declared a special cash dividend. The Board agreed to increase the regular quarterly cash dividend from $0.5525 to $0.5925 on each Class A share and from $82.875 to $88.875 on each Class B share. This represents a 7.2 percent increase in the payout per share over the current dividend rate. The board has decided to accelerate the payment of this quarterly dividend into December. This quarterly dividend will be paid on December 21, to shareholders of record as of the close of business on December 7 with a dividend ex-date of December 5. The Board also declared a special one-time cash dividend of $2 on each Class A share and $300.00 on each Class B share. This special cash dividend will also be paid on December 21, to shareholders of record as of the close of business on December 7, with a dividend ex-date of December 5. | |
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