EMC Insurance Group Inc. said 105 consecutive quarterly dividends
Des Moines, Iowa, USA - (BUSINESS WIRE) Board of Directors of EMC Insurance Group Inc. (Nasdaq: EMCI) said quarterly dividend of eighteen (18) cents per common share payable March 27, 2008 to shareholders the registration from March 20, 2008. It is the fifth cent of successive quarterly dividend since EMC Insurance Group Inc. is a public service held in February 1982.
At its meeting on March 10, 2008, the Board of Directors has also approved a reserve of $ 15 million buyback. This buyback programme is now effective, not an expiry date and is determined in accordance with the provisions of the Securities and Exchange Commission Rule 10b-18, a “safe harbor” from liability for manipulation during the action because of the nature and the manner, timing, price and volume purchases of shares on the open market. Purchases under the program are at the discretion of the hotel.
EMC Insurance Group Inc., in possession of public service insurance holding company of EMC Insurance Companies, owns subsidiaries with offices in nature and accident insurance and reinsurance companies. EMC Insurance Companies is one of the largest units of damage in Iowa and in the top 60 insurance companies based on the volume of premiums in the country. EMC Insurance Companies in 2007 was Ward’s 50-list and became a member of the Independent Insurance Agents & Brokers of America (the Big “I”) Trusted choice.
The Private Securities Litigation Reform Act of 1995 provides issuers the opportunity to Cautionary statement regarding forward-looking statements. Pursuant to the forward-looking statements in this report is based on current management estimates, assumptions and expectations of the company ’s future performance, “Taking into account all information currently available to management. These beliefs, assumptions and expectations can change if the result of many potential factors or events that are not all known. If a change occurs, ‘business, financial condition, liquidity, results of operations, plans and objectives may be significantly different from those expressed in the forward-looking statements. The risks and uncertainties that could affect actual results and company performance include, but are not limited to, the following: catastrophic events and the emergence of severe weather conditions clear, adequacy of loss and settlement costs reserve, state and federal laws and regulations, changes in our industry, interest rates or the performance of financial markets and general economic, credit rating agency actions and other risks and uncertainties inherent part of the company. Consider management, identify such forward-looking statements at the use of terms “believes”, “expect”, “anticipate”, “estimate” or similar expressions. Excessive reliance should not be to these forward-looking statements.
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EMC Insurance Group Inc. said 104 consecutive quarterly dividends
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