Erie Indemnity (ERIE) Raises Quarterly Dividend 7.2% to $0.7825; 2.8% Yield
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Erie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Quarterly Dividend
December 7, 2016 4:05 PM ESTERIE, Pa., Dec. 7, 2016 /PRNewswire/ --Â At its regular meeting held Dec. 6, 2016, the Board of Directors of Erie Indemnity Company (NASDAQ: ERIE) set the management fee rate charged to Erie Insurance Exchange, approved an increase in shareholder dividends and declared the quarterly dividend.
The Board agreed to maintain the current management fee rate paid to Erie Indemnity Company by Erie Insurance Exchange at 25 percent, effective Jan. 1, 2017. The management fee rate was 25 percent for the period Jan. 1 through Dec. 31, 2016. ... More
