Erie Indemnity Hikes Dividend by 7.1% to Share More Profits

Erie Indemnity Company’s (ERIE) board of directors approved a 7.1% hike in its dividend. Shareholders of record as of Jan. 7, 2025, will receive the meatier dividend on Jan. 22, 2025.With the approval, the new payout stands at $1.365 per Class A share compared with the earlier payout of $1.275 per share and $204.75 per Class B share compared with the earlier payout of $191.25 per share. Erie Indemnity has been paying dividends since 1933. Based on the stock’s Dec. 12, 2024, closing price of $301.40, the new ...