Cincinnati-based Midland Co. increased its annual dividend 8.6 percent to 19 cents per share, from 17.5 cents per share.
It is the 17th consecutive year Midland, whose subsidiary American Modern Insurance Group is a leader in the manufactured housing insurance market, has upped its yearly dividend.
The next quarterly dividend, payable April 3, 2003, will be 4.75 cents per share, up from the previous level of 4.375 cents per share. As of Dec. 31, 2002, Midland had 17.6 million common shares outstanding.
The company plans to report annual and fourth-quarter Feb. 6.
Was this article valuable?
Here are more articles you may enjoy.
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Trapped Tesla Driver’s 911 Call: ‘It’s on Fire. Help Please’ 
Former Ole Miss Standout Player Convicted in $194M Medicare, CHAMPVA Fraud 
Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples 
