State Auto Financial Declares Quarterly Dividend
November 11 2005 - 1:30PM
Business Wire
Today the board of directors of State Auto Financial Corporation
(NASDAQ:STFC) declared a quarterly cash dividend of $0.09 per
share, payable December 31, 2005, to shareholders of record at the
close of business on December 15, 2005. This is the 58th
consecutive quarterly cash dividend declared by the company's board
since STFC had its initial public offering of common stock on June
28, 1991. STFC's dividend payments have increased at a compound
average annual growth rate of 15% since 1991. State Auto Financial
Corporation, headquartered in Columbus, Ohio, is a regional
property and casualty insurance holding company engaged primarily
in writing both personal and commercial lines of insurance. The
company currently markets its products through nearly 22,000
independent insurance agents associated with more than 3,100
agencies in 26 central and eastern states, excluding New York, New
Jersey and the New England states. The company is included in the
2005 Forbes Magazine's Platinum 400 list of the best-managed
companies in America and is one of only 314 publicly traded
companies to earn the Mergent Award for having increased its
dividends for ten or more years in succession. The State Auto
Insurance Companies are rated A+ (Superior) by the A.M. Best
Company. Additional information on the company can be found on its
web page at www.STFC.com.
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