Why Mercury General is a Top 25 SAFE Dividend Stock (MCY)
Tue, Sep 5, 8:14 AM ET, by ETF Channel
Mercury General Corp. (MCY) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 4.3% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report.
According to the ETF Finder at ETF Channel, Mercury General Corp. is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 0.47% of the SPDR S&P Dividend ETF (SDY), which holds $72,882,253 worth of MCY shares.
Mercury General Corp. (MCY) made the "Dividend Channel S.A.F.E. 25" list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
The annualized dividend paid by Mercury General Corp. is $2.49/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/13/2017. Below is a long-term dividend history chart for MCY, which the report stressed as being of key importance.
MCY operates in the Insurance Brokers sector, among companies like Chubb Ltd (CB), and American International Group Inc (AIG).
Read the original article at ETF Channel: Why Mercury General is a Top 25 SAFE Dividend Stock (MCY)
SDI Glossary: "Broker" Definition
SDI Glossary: "Channel" Definition
SDI Glossary: "Dividend" Definition
SDI Glossary: "iShares" Definition
SDI Glossary: "Insurance" Definition
SDI Glossary: "Stock" Definition
This Article's Word Cloud:
More articles: 1 2 3 4 5 6 7 next »