Mercury General Hikes Dividend
The company declares a first-quarter payout of 48 cents.
Auto and home insurer
Mercury General
(MCY) - Get Report
declared a first-quarter dividend of 48 cents, equaling an annual rate of $1.92.
The annual payment represents an 11.6% increase over the rate paid in 2005. The dividend will be paid on March 30 to shareholders of record March 15.
Shares of Mercury General were gaining 17 cents to $56.22 Monday.
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