Mercury General Corporation (MCY) To Go Ex-Dividend on September 10th

Mercury General Corporation (NYSE:MCY – Get Free Report) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.3175 per share by the insurance provider on Thursday, September 24th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 10th.

Mercury General has decreased its dividend by an average of 0.1%annually over the last three years. Mercury General has a payout ratio of 19.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mercury General to earn $11.25 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 11.3%.

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Mercury General Trading Down 0.2%

Shares of Mercury General stock opened at $104.34 on Tuesday. Mercury General has a 12-month low of $74.29 and a 12-month high of $113.06. The stock has a market capitalization of $5.78 billion, a P/E ratio of 6.17 and a beta of 0.90. The company has a 50-day simple moving average of $106.52 and a 200 day simple moving average of $99.15. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33.

Mercury General (NYSE:MCY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The insurance provider reported $3.52 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.99. Mercury General had a net margin of 14.77% and a return on equity of 31.98%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Research analysts expect that Mercury General will post 12.75 earnings per share for the current fiscal year.

About Mercury General

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Mercury General Corporation is a holding company headquartered in Los Angeles, California, that underwrites and markets property and casualty insurance products through its principal subsidiary, Mercury Insurance Company. Established in 1961, the company has built a reputation for offering a broad range of personal and commercial lines, with a focus on automobile coverage. Mercury General operates in key U.S. markets, deploying a mix of independent agents and direct distribution channels to serve policyholders.

The company’s product portfolio includes personal automobile insurance, homeowners and renters policies, as well as commercial automobile, business liability and umbrella insurance.

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