Mercury General Corporation (NYSE:MCY) Updates On Dividend Release Date


On 2016-08-15, Mercury General Corporation (NYSE:MCY) confirmed the dividend disbursement of $0.62 a share to shareholders as on record 2016-09-15. The firm will release dividend on 2016-09-29 while ex-dividend date is reported to be 2016-09-13.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Mercury General Corporation (NYSE:MCY) paid a total of $0.62 per share in dividends. This figure stood at $0.62 a share in the same period a year ago indicating a deviation of 0.4061%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $46.5 on the stock. This figure is the average of recommendations offered by 2 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $51 and $42, respectively.

Taking the mathematical rating formula, the price for Mercury General Corporation (NYSE:MCY) stands at 3.33. Earnings Review Mercury General Corporation (NYSE:MCY) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-07. For the period ending on 2016-09-30, experts are expecting EPS of $0.55.

Coming to the quarter ending on 2015-12-31, Mercury General Corporation (NYSE:MCY) recorded EPS of $0.35. The reported numbers came lower than the analysts’ estimates of $0.51, demonstrating a miss of $-0.16 as against reported figures.

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