Mercury General Corporation (NYSE:MCY) Updates On Quarterly Dividend


As per Mercury General Corporation (NYSE:MCY) statement on 2016-08-15, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.62 per share as dividend to stakeholders. The record date is set as 2016-09-15, the payout date as 2016-09-29 and the ex-dividend date is 2016-09-13.

Last fiscal Mercury General Corporation (NYSE:MCY) disbursed cash dividend of $0.62. A year ago, the payout was $0.62, which indicates a difference of 0.4061%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.62, implying 0.8504% growth.

For the period ended on 2015-12-31, Mercury General Corporation (NYSE:MCY)’s earnings came at $0.35 per share compared to EPS of $0.59 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-07. For this quarter, the analysts have earnings estimate of $0.55 per share.

The interim price target for Mercury General Corporation (NYSE:MCY) is set at $46.5. This level is the mean price reached by averaging the stock views of 2 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Mercury General Corporation (NYSE:MCY) is seen at $51 and the lowest level is established at $42. This broad range highlights a standard deviation of $6.363 in reported estimates.

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