EMC Insurance Group Inc. EMCI (the "Company") today announced that its board of directors declared a quarterly cash dividend of $0.17 per share of common stock payable September 15, 2015 to stockholders of record as of September 8, 2015. The $0.17 per share quarterly dividend represents a 2.0 percent increase over the previous dividend, which equated to a split-adjusted dividend of $0.1667 per share. "Operating results for the first half of the year improved in both segments compared to the prior year," stated President and Chief Executive Officer Bruce G. Kelley. "This improvement, coupled with our strong balance sheet, provided an opportunity to increase the dividend from a fractional amount. The Company also anticipates conducting a dividend analysis in the fourth quarter, consistent with past practice."
About EMCI
EMC Insurance Group Inc. is a publicly held
insurance holding company with operations in property and casualty
insurance and reinsurance, which was formed in 1974 and became publicly
held in 1982. The Company's common stock trades on the Global Select
Market tier of the NASDAQ OMX Stock Market under the symbol EMCI.
Additional information regarding EMC Insurance Group Inc. may be found
at www.emcins.com/ir.
EMCI's parent company is Employers Mutual Casualty Company (EMCC). EMCI
and EMCC, together with their subsidiary and affiliated companies,
conduct operations under the trade name EMC Insurance Companies.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150827005803/en/
EMC Insurance Group Inc.
Steve Walsh (Investors), 515-345-2515
or
Lisa
Hamilton (Media), 515-345-7589
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