State Auto Financial Declares Quarterly Dividend
11 May 2005 - 11:30PM
Business Wire
The board of directors of State Auto Financial Corporation
(NASDAQ:STFC) today declared a quarterly cash dividend of $0.045
per share, payable June 30, 2005, to shareholders of record at the
close of business on June 15, 2005. This is the 56th 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 of 10% since 1991. State Auto Financial
Corporation, headquartered in Columbus, Ohio, is a regional
property and casualty insurance holding company engaged primarily
in writing both personal and commercial lines of insurance. The
company markets its products through more than 22,200 independent
insurance agents associated with approximately 3,200 agencies in 26
central and eastern states, excluding New York, New Jersey and the
New England states. The company is included in the 2005 Forbes
Magazine's Platinum 400 list of the best-managed companies in
America and the State Auto Insurance Companies carry an A+
(Superior) rating from the A.M. Best Company. Additional
information on the company may be found on its Web page at
www.STFC.com.
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