Erie Indemnity Hikes Dividend by 7.1% to Share More Profits

Zacks12-14

Erie Indemnity Company’s ERIE board of directors approved a 7.1% hike in its dividend. Shareholders of record as of Jan. 7, 2025, will receive the meatier dividend on Jan. 22, 2025.With the approval, ...

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Shareholders of record as of Jan. 7, 2025, will receive the meatier dividend on Jan. 22, 2025.With the approval, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/erie-indemnity-hikes-dividend-7-172800738.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Erie Indemnity Hikes Dividend by 7.1% to Share More Profits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nErie Indemnity Hikes Dividend by 7.1% to Share More Profits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-14 01:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/erie-indemnity-hikes-dividend-7-172800738.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Erie Indemnity Company’s ERIE board of directors approved a 7.1% hike in its dividend. Shareholders of record as of Jan. 7, 2025, will receive the meatier dividend on Jan. 22, 2025.With the approval, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/erie-indemnity-hikes-dividend-7-172800738.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/erie-indemnity-hikes-dividend-7-172800738.html","article_id":"2491382302","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/EEUv5JQFTAI4U5iqIocwgw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9d8e6ae4a2f2f78756262fb38b308001"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491382302","pubTimestamp":1734110880,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Erie Indemnity Company’s ERIE board of directors approved a 7.1% hike in its dividend. Shareholders of record as of Jan. 7, 2025, will receive the meatier dividend on Jan. 22, 2025.With the approval, the new payout stands at $1.365 per Class A share compared with the earlier payout of $1.275 per share and $204.75 per Class B share compared with the earlier payout of $191.25 per share. Erie Indemnity has been paying dividends since 1933. Based on the stock’s Dec. 12, 2024, closing price of $301.40, the new dividend on Class A shares will yield 1.3%, which is better than the industry’s average of 1%.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU0240877869.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" ACC","BK4107":"财产与意外伤害保险","LU0205193047.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD)  ACC","ERIE":"伊瑞保险","BK4117":"多元化保险","THG":"汉诺威保险","BK4588":"碎股","FNF":"富达国民金融","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","LU0205194284.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD) INC AV","AIZ":"安信龙保险","LU0240878834.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" (USD) INC AV"},"translate_title":"伊利赔偿公司将股息提高7.1%以分享更多利润","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIZ":1,"ERIE":1,"FNF":1,"THG":1},"content_text":"Erie Indemnity Company’s ERIE board of directors approved a 7.1% hike in its dividend. Shareholders of record as of Jan. 7, 2025, will receive the meatier dividend on Jan. 22, 2025.With the approval, the new payout stands at $1.365 per Class A share compared with the earlier payout of $1.275 per share and $204.75 per Class B share compared with the earlier payout of $191.25 per share. Erie Indemnity has been paying dividends since 1933. Based on the stock’s Dec. 12, 2024, closing price of $301.40, the new dividend on Class A shares will yield 1.3%, which is better than the industry’s average of 1%.\nThe company’s five-year annualized dividend growth of about 7.3% and the payout ratio of 48 not only reflect this insurer’s operational strength but also its commitment to distributing wealth to shareholders.The company’s operational strength, backed by continued growth in new business and solid retention, ensures smooth cash flow. This, in turn, aids Erie Indemnity in increasing dividends each year, reflecting its commitment to returning value to its shareholders. A solid capital position and balance sheet strength continue to support effective capital deployment. It exited the third quarter with a surplus position of 9.2 billion. Apart from hiking dividends, Erie Indemnity occasionally pays special dividends and buys back shares.Improvement in premiums of homeowners and commercial multi-peril products, given continued rate increase and strong retention, strengthening of business platforms, as well as identification and development of new sources of revenues, should help this Zacks Rank #3 (Hold) insurer sustain dividend hikes. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Shares of Erie Indemnity have rallied 22.6% year to date, compared with the industry’s increase of 28.9%.  \nImage Source: Zacks Investment Research\nGiven a solid capital level in the insurance industry and an improving operating backdrop favoring strong operational performance, insurers like The Hanover Insurance Group, Inc. THG, Assurant Inc. AIZ and Fidelity National Financial, Inc. FNF have resorted to effective capital deployment to enhance shareholders’ value. The board of directors of Hanover Insurance approved a 5.9% hike in its quarterly dividend, marking the 20th straight year of increase. The payout now stands at 90 cents per share compared with the earlier payout of 85 cents per share.A diversified book of business, lowered coastal exposure and enhanced pricing for catastrophes, prudent pricing segmentation, growth in target states, product lines, and industry classes in the middle market should help THG retain the streak.Assurant’s board of directors recently approved an 11% hike in cash dividend to 80 cents, up from 72 cents paid earlier. The recent hike marked the 20th straight quarter of dividend increase. The current dividend yield is 1.5%. This move to distribute wealth to its shareholders bears testimony to AIZ’s solid capital position and uninterrupted cash generation capabilities, which are based on the strength of the Global Lifestyle and Global Housing business segments. The insurer uses the cash inflows primarily to make dividend payments to stockholders, repurchase shares and fund investments and acquisitions. Fidelity National’s board of directors approved a 9.1% hike in cash dividend to 50 cents. The company enjoys a scale advantage, given its market-leading position in residential purchase, refinance and commercial markets. It is investing in technology to widen its market-leading position.Solid retail annuity sales and F&G's presence in institutional markets benefit assets under management. F&G invests in a high-quality and well-diversified portfolio and its average assets under management growth drives earnings. These positives should help FNF continue dividend hikes.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAssurant, Inc. (AIZ) : Free Stock Analysis Report\nThe Hanover Insurance Group, Inc. (THG) : Free Stock Analysis Report\nFidelity National Financial, Inc. (FNF) : Free Stock Analysis Report\nErie Indemnity Company (ERIE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491382302"}