State Auto Financial Corp. said Monday it will double its dividend to 9 cents a share.
The Columbus, Ohio-based insurer will pay the dividend Sept. 30 to shareholders of record as of Sept. 15. Its current dividend is 4.5 cents a share.
State Auto said consistent profitable results have allowed it to raise its dividend every year since it went public in 1991.
State Auto is a property and casualty insurer with about $1.1 billion in annual revenue. State Auto Mutual Insurance Co., a privately held insurer based in Columbus, holds about 65 percent of its stock.
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
‘Structural Shift’ Occurring in California Surplus Lines 
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
