Erie Indemnity (ERIE) Authorizes $150M Buyback; Boosts Qtr. Dividend by 7.3% to 51.5c/Share, Yielding 3.27%

Erie Indemnity (Nasdaq: ERIE) says it will buyback up to $150 million of common stock and raise its quarterly dividend from 48c per share to 51.5c/share. The dividend will be payable on Jan. 20 to shareholders of record on Jan. 5. The ex-dividend date is Jan. 3. With shares of Erie Indemnity closing at $63.08 today, the dividend yield moves from 3.04% to 3.27%.... Read more

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