Mercury General (MCY) Declares $0.62 Quarterly Dividend; 4.7% Yield
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Compass Point Remains Neutral on Mercury General (MCY) Following 1Q Earnings Report
May 3, 2016 7:09 AM EDTCompass Point reiterated a Neutral rating on Mercury General (NYSE: MCY), and raised the price target to $55.00 (from $50.00), following the company's 1Q earnings report. MCY reported operating EPS of $0.13 versus the consensus of $0.67. The company announced its quarterly dividend of $0.62, which is in line with prior quarters. The dividend payout ratio has exceeded 100% in three of the past four years... More
