Mercury General Co. (NYSE:MCY – Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.317 per share by the insurance provider on Thursday, December 26th. This represents a $1.27 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, December 12th.
Mercury General has decreased its dividend by an average of 20.5% annually over the last three years. Mercury General has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mercury General to earn $6.00 per share next year, which means the company should continue to be able to cover its $1.27 annual dividend with an expected future payout ratio of 21.2%.
Mercury General Stock Performance
Shares of Mercury General stock opened at $71.76 on Thursday. Mercury General has a 12 month low of $30.17 and a 12 month high of $73.72. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $3.97 billion, a PE ratio of 12.44 and a beta of 0.81. The stock’s fifty day simple moving average is $63.83 and its 200 day simple moving average is $58.61.
About Mercury General
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.
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