dividend
confidence high
sentiment positive
materiality 0.50
Erie Indemnity raises quarterly dividend 7.2% to $1.19 per share, holds management fee at 25%
ERIE INDEMNITY CO
- Dividend increased 7.2%: $1.19 per Class A share and $178.50 per Class B share, payable Jan. 20, 2023.
- Management fee rate for Erie Insurance Exchange kept at 25% for 2023, unchanged from 2022.
- Ex-dividend date Jan. 4, 2023; record date Jan. 5, 2023.
- Board considered relative financial positions of Exchange and Indemnity in setting fee rate.