EMC INS Group (EMCI) Raises Quarterly Dividend 5.3% to $0.20; Yields 4.1%; Authorizes $15M Buyback
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EMC INS Group, Inc. (NASDAQ: EMCI) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is a 5.3% increase from the prior dividend of $0.19.
The dividend will be payable on November 23, 2011, to stockholders of record on November 16, 2011, with an ex-dividend date of November 14, 2011.
The annual yield on the dividend is 4.1 percent.
The Company’s Board of Directors also authorized a $15 million stock repurchase program.
The dividend will be payable on November 23, 2011, to stockholders of record on November 16, 2011, with an ex-dividend date of November 14, 2011.
The annual yield on the dividend is 4.1 percent.
The Company’s Board of Directors also authorized a $15 million stock repurchase program.
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