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Mercury General (Mercury General) Dividend Yield %

: 2.37% (As of Today)
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As of today (2024-04-19), the Trailing Annual Dividend Yield of Mercury General is 2.37%.

Warning Sign:

Mercury General Corp stock dividend yield is close to 10-year low.

The historical rank and industry rank for Mercury General's Dividend Yield % or its related term are showing as below:

MCY' s Dividend Yield % Range Over the Past 10 Years
Min: 2.34   Med: 4.78   Max: 8.43
Current: 2.37

During the past 13 years, the highest Dividend Yield of Mercury General was 8.43%. The lowest was 2.34%. And the median was 4.78%.

MCY's Dividend Yield % is ranked worse than
69.65% of 402 companies
in the Insurance industry
Industry Median: 3.525 vs MCY: 2.37

Mercury General's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.28.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Mercury General Corp is 0.73, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of Mercury General was 4.23. The lowest was 0.37. And the median was 0.86.

As of today (2024-04-19), the Forward Dividend Yield % of Mercury General is 2.37%.

Mercury General's Dividends per Share for the three months ended in Dec. 2023 was $0.32.

During the past 12 months, Mercury General's average Dividends Per Share Growth Rate was -33.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -20.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -11.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -3.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mercury General was 33.10% per year. The lowest was -20.50% per year. And the median was 11.80% per year.

The growth rate is calculated with least square regression.

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


Mercury General Dividend Yield % Historical Data

The historical data trend for Mercury General's Dividend Yield % can be seen below:

* 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.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 5.16 [6] => 4.83 [7] => 4.77 [8] => 5.56 [9] => 3.40 )
Mercury General Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.16 4.83 4.77 5.56 3.40

Mercury General Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.56 5.00 4.20 4.53 3.40

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Mercury General's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.


Mercury General Dividend Yield % Distribution

For the Insurance industry and Financial Services sector, Mercury General's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Mercury General's Dividend Yield % falls into.



Mercury General Dividend Yield % Calculation

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

Mercury General Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3182024-03-122024-03-132024-03-27Cash DividendquarterlyUSD:USD 1.000000
USD 0.3182023-12-132023-12-142023-12-28Cash DividendquarterlyUSD:USD 1.000000
USD 0.3182023-09-132023-09-142023-09-28Cash DividendquarterlyUSD:USD 1.000000
USD 0.3182023-06-142023-06-152023-06-29Cash 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.

Mercury General's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.272/53.63
=2.37 %

Current Share Price is $53.63.
Mercury General's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.272.

Mercury General's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.272/53.63
=2.37 %

Current Share Price is $53.63.
Mercury General's Dividends per Share for the forward twelve months is calculated as $0.318 * 4 = $1.272.

* 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.


Mercury General  (NYSE:MCY) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Mercury General Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Mercury General's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Mercury General (Mercury General) Business Description

Traded in Other Exchanges
Address
4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010
Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman, and majority owner. Its insurance is distributed exclusively through independent agents.
Executives
Joshua Eric Little director 192 E 200 N, THIRD FLOOR, ST. GEORGE UT 84770
Wei Pang officer: VP/Chief Technology Officer 555 W. IMPERIAL HIGHWAY, BREA CA 92821
Mark Allan Ribisi officer: President of AIS,subsidiary 16969 VON KARMAN AVE., IRVINE CA 92606
Katelyn Marie Gibbs officer: VP/Chief Experience Officer 555 W. IMPERIAL HIGHWAY, BREA CA 92821
Kelly Lynn Butler officer: VP/Chief Underwriting Officer 1700 GREENBRIAR LANE, BREA CA 92821
Joseph Vicky Wai Yee director 4484 WILSHIRE BLVD., LOS ANGELES CA 90010
George Joseph director, officer: Chairman of the Board 4484 WILSHIRE BLVD, LOS ANGELES CA 90010
George Gwyer Braunegg director 6121 SHENANDOAH AVE., LOS ANGELES CA 90010
Abby Hosseini officer: VP/Chief Information Officer 555 W. IMPERIAL HIGHWAY, BREA CA 92821
Brandt Minnich officer: Vice President, Marketing 1700 GREENBRIAR LANE, BREA CA 92821
Gabriel Tirador officer: President, other: Director
Charles Toney officer: Vice President
Jeffrey Michael Schroeder officer: VP/Chief Product Officer 1700 GREENBRIAR LANE, BREA CA 92821
Mike Curtius director
Ramona L Cappello director 4600 SLEEPYTIME DR, BOULDER CO 80301