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Erie Indemnity Co (Erie Indemnity Co) 3-Year Dividend Growth Rate

: 7.20% (As of Dec. 2023)
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Erie Indemnity Co's Dividends per Share for the three months ended in Dec. 2023 was $1.28.

The historical rank and industry rank for Erie Indemnity Co's 3-Year Dividend Growth Rate or its related term are showing as below:

ERIE' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 5.8   Med: 7.25   Max: 27.6
Current: 7.2

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Erie Indemnity Co was 27.60% per year. The lowest was 5.80% per year. And the median was 7.25% per year.

ERIE's 3-Year Dividend Growth Rate is ranked better than
54.58% of 240 companies
in the Insurance industry
Industry Median: 6.3 vs ERIE: 7.20

During the past 12 months, Erie Indemnity Co's average Dividends Per Share Growth Rate was 7.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Erie Indemnity Co's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.60. As of today, Erie Indemnity Co's Dividend Yield % is 1.27%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Insurance Brokers subindustry, Erie Indemnity Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Erie Indemnity Co 3-Year Dividend Growth Rate Distribution

For the Insurance industry and Financial Services sector, Erie Indemnity Co's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Erie Indemnity Co's 3-Year Dividend Growth Rate falls into.



Erie Indemnity Co 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Erie Indemnity Co  (NAS:ERIE) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Erie Indemnity Co's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=1.275/ 2.12
=0.60

During the past 13 years, the highest Dividend Payout Ratio of Erie Indemnity Co was 0.85. The lowest was 0.57. And the median was 0.74.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Erie Indemnity Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.2752024-04-082024-04-092024-04-23Cash DividendquarterlyUSD:USD 1.000000
USD 1.2752024-01-052024-01-082024-01-23Cash DividendquarterlyUSD:USD 1.000000
USD 1.1902023-10-042023-10-052023-10-20Cash DividendquarterlyUSD:USD 1.000000
USD 1.1902023-07-052023-07-062023-07-20Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Erie Indemnity Co's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=4.93/381.45
=1.29 %

Current Share Price is $381.45.
Erie Indemnity Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is $4.93.

During the past 13 years, the highest Dividend Yield of Erie Indemnity Co was 3.62%. The lowest was 1.16%. And the median was 2.50%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Erie Indemnity Co 3-Year Dividend Growth Rate Related Terms>


Erie Indemnity Co (Erie Indemnity Co) Business Description

Traded in Other Exchanges
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.
Executives
Marc Cipriani officer: Senior Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Sean Dugan officer: Executive Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Parthasarathy Srinivasa officer: EVP, Chief Information Officer 100 ERIE INSURANCE PLACE, ERIE PA 16530
Jorie L Novacek officer: SVP, Controller 100 ERIE INSURANCE PLACE, ERIE PA 16530
Thomas B Hagen director 230 WEST 6TH STREET, ERIE PA 16507-1319
Eugene C Connell director 785 HUNTINGTON DRIVE, ERIE PA 16505
Elizabeth A Vorsheck director, 10 percent owner 6252 COMMERCIAL WAY PMB 140, BROOKSVILLE FL 34613
Brian W. Bolash officer: SVP,Secretary,General Counsel 100 ERIE INSURANCE PLACE, ERIE PA 16530
Borneman J Ralph Jr director NATIONAL PENN BANCSHARES INC, PHILADELPHIA & READING AVENUES, BOYERTOWN PA 19512
Hudson Brian Arden Sr. director 2407 PARK DRIVE, HARRISBURG PA 17110
Louis F Colaizzo officer: Senior Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Salvatore Correnti director 8518 SOUTHFIELDS CIRCLE, LUTHERVILLE MD 21093
Timothy G Necastro officer: President & CEO, Designate 100 ERIE INSURANCE PL, ERIE PA 16530
Luann Datesh director 333 OAK FOREST DRIVE, PITTSBURGH PA 15216
Robert C Wilburn director 110 WASHINGTON AVENUE #1711, MIAMI BEACH FL 33139