Mercury General Corporation (NYSE:MCY) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.63 per share is scheduled to be paid on September 29, 2020. The dividend yield based on the latest trading day closing price was 5.71 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Mercury General Corporation recently reported second quarter financial results on August 3, 2020, before market open, property and casualty insurance provider recorded income for the second quarter of $ 1.86 per share, from the revenue of $ 1,006.00 million. The quarterly earnings elevated 151.35 percent while revenues hiked 2.71 percent compared with the same quarter last year.
Street analysts expected Mercury General Corporation recently reported second quarter financial results on August 3, 2020, before market open, property and casualty insurance provider to report income of $ 0.78 per share on revenue of $ 959.38 million for the second quarter. The bottom line results beat street analysts by $ 1.08 or 138.46 percent, at the same time, top line results outshined analysts by $ 46.62 million or 4.86 percent.
Stock Performance
Shares of Mercury General Corporation traded low $ -0.62 or -1.39 percent on Thursday, reaching $ 44.12 with volume of 209.50 thousand shares. Mercury General Corporation has traded high as $ 45.04 and has cracked $ 44.05 on the downward trend
According to the previous trading day, closing price of $ 44.12, representing a 33.75 % increase from the 52 week low of $ 33.45 and a 20.72 % decrease over the 52 week high of $ 56.43.
The company has a market capital of $ 2.44 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, fire, and umbrella insurance. Its automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products cover dwelling, liability, personal property, fire, and other hazards.
