Columbus, Ohio-based insurer State Auto Financial Corp. announced that the record date for its quarterly cash dividend of 4 cents per share, payable Dec. 31, 2003, is hereby corrected to be payable to shareholders of record at the close of business on Dec. 19, 2003.
This is the 50th 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 exceeding 10 percent since 1991.
State Auto Financial Corporation is a regional property/casualty insurance holding company engaged primarily in writing both personal and commercial lines of insurance. The company currently markets its products through more than 22,000 independent agents associated with approximately 3,400 agencies in 26 states and the District of Columbia. Products are marketed primarily in the central and eastern United States, excluding New York, New Jersey and the New England states.
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