State Auto Financial Declares 60th Consecutive Quarterly Dividend
18 May 2006 - 11:30PM
Business Wire
Today the board of directors of State Auto Financial Corporation
(NASDAQ:STFC) declared a quarterly cash dividend of $0.09 per
share, payable June 30, 2006, to shareholders of record at the
close of business on June 15, 2006. This is the 60th 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 15% since 1991. State Auto Financial
Corporation, headquartered in Columbus, Ohio, is a property and
casualty insurance holding company. The company markets its
personal and commercial insurance products through more than 22,300
independent insurance agents associated with approximately 3,000
agencies in 27 states. The company has been named Forbes Magazine's
"Best Managed Insurance Company in America" for 2006 and is in a
select group, making up just 3% of publicly traded companies,
earning the Mergent Dividend Achiever Award for having increased
its dividends for ten or more years in succession. The State Auto
Insurance Companies are rated A+ (Superior) by the A.M. Best
Company. Additional information on the company can be found on its
web page at www.STFC.com.
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