DES MOINES, Iowa, Nov. 05, 2018 (GLOBE NEWSWIRE) -- EMC Insurance Group Inc. (EMCI) (the “Company”) today announced that its board of directors declared a quarterly cash dividend of $0.23 per share of common stock payable November 22, 2018, to stockholders of record as of November 15, 2018. The $0.23 per share quarterly dividend represents a 4.5 percent increase over the previous $0.22 per share quarterly dividend. “This is the ninth consecutive year we have increased the quarterly cash dividend,” stated President and Chief Executive Officer Bruce G. Kelley. “This long-term approach of increasing the dividend demonstrates our desire to reward stockholders with an attractive return.” The Company has declared a quarterly dividend since becoming a publicly held company in February 1982, and has never reduced its dividend.
EMC Insurance Group Inc. is a publicly held insurance holding company with operations in property and casualty insurance and reinsurance, which was formed in 1974 and became publicly held in 1982. The Company’s common stock trades on the Global Select Market tier of the Nasdaq Stock Market under the symbol EMCI. Additional information regarding the Company may be found at investors.emcins.com. EMCI’s parent company is Employers Mutual Casualty Company (Employers Mutual). EMCI and Employers Mutual, together with their subsidiary and affiliated companies, conduct operations under the trade name EMC Insurance Companies.