United Fire Group (UFCS) Declares $0.20 Quarterly Dividend; Increases Buyback by 1M Shares

United Fire Group (NASDAQ: UFCS) declared a quarterly dividend of $0.20 per share, or $0.8 annualized.

The dividend will be payable on September 15, 2014, to stockholders of record on September 2, 2014, with an ex-dividend date of August 28, 2014.

The annual yield on the dividend is 2.8 percent.

At the August 15, 2014 meeting, the Board of Directors also extended the current stock repurchase program to August 31, 2016 and authorized one million shares of its common stock in addition to those shares remaining in the program. Purchases of United Fire Group, Inc. common shares must be conducted only through open market transactions and/or privately-negotiated transactions, with the timing of the purchases, the prices paid and the actual number of shares purchased to depend upon market conditions and limitations imposed by applicable federal securities laws, provided, however, that negotiated transactions with related persons be approved by the Executive Committee of the Board of Directors.

For a dividend history and other dividend-related data on United Fire Group (UFCS) click here.

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