Erie Indemnity Company (ERIE) dividend stock





  • Yield

     2.53%
  • Dividend

     3.13
  • 5 year dividend growth rate
     7.2%
  • Dividend increased

     26 yrs.
  • Payout ratio

     77%
  • Dividend pay date

     7/20/2017
  • Ex-dividend date

     7/3/2017
  • Uninterrupted
    dividends
     N/A yrs.
  • Yield compared to 5 year average
     -15.7%
  • Dividend payback
    period
     21 yrs.
  • Chowder rule

     9.7
  • Tweed factor

     -20.9
Rating
Overall rating
The overall rating measures the general health and sustainabilty of the company's dividend. It is an average of the five ratings below.





Dividend increased years
This rating looks at the number of years the company has increased their dividend consecutively. 1 star is given for 7 years or below and 5 stars are given for 23 years or more.





Dividend yield
This rating evaluates the size of the yield. 1 star is given for a yield below 0.75% and 5 stars for yields above 6.75%.





Payout ratio
The payout ratio shows how much of the earnings are being paid out as dividends. We award 0 stars for payout ratios above 100% and 5 stars for ratios below 10%.





Dividend growth rate
This rating takes into account the growth of the dividend. Companies that have a dividend growth rate below 1.5% get 1 star while 5 stars are given for rates above 13.5%.





Yield compared to 5 year average
If the current yield is below the 5 year average, it tends to indicate that the stock is cheap. A rating of 0 is given if the current yield is below 0 percent compared to the average and a rating of 5 is given if it's more than 22.5% above.
Relative valuations
Yield compared to 5 year average   
-15.7%
Payout ratio compared to 5 year average   
7.6%
P/E compared to 5 year average   
22.9%
Price per book value compared to 5 year average   
64.6%
Price change from 52 week high   
-4.1%
Price change from 50 days average   
0.4%
Price change from 200 days average   
3.8%
Price info
Change
1.38 (1.10%)


Last price
123.92 USD


Day range
123.73 - 125.64


Year range
96.01 - 129.15

Financial health
Current ratio
1.43


Debt/equity ratio
0.00


Cash
244.96M


Debt
0


Valuation
Price/earning (P/E)
30.6


Price/book (P/B)
7.90


Forward price/earning (P/E)
29.23


Price/sales (P/S)
4.04


PEG
3.06


Market cap
6.48B

Recession performance (2007 - 2009)
1.6000,1.7600,1.8000
  • 2007
  • 2008
  • 2009
Dvidend growth (annualized)   
6.1%
3.4300,1.1900,1.8900
  • 2007
  • 2008
  • 2009
Earnings per share growth (annualized)   
-25.8%
10 year history
1.6000,1.7600,1.8000,1.9200,2.0600,2.2100,2.3700,2.5400,2.7240,2.9200
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Dividend growth (annualized)   
6.9%
3.4300,1.1900,1.8900,2.8500,3.0800,2.9900,3.0800,3.1800,3.3300,3.3300
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Earnings per share growth (annualized)   
-0.3%
17.8500,13.7700,17.6100,18.2200,17.6500,13.6900,14.1400,16.6900,16.2400,16.6600
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Book value per share growth (annualized)   
-0.8%
47.8000,148.2000,96.8000,68.7000,73.9000,75.3000,80.0000,75.0000,84.0000,83.4000
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Payout ratio growth (annualized)   
6.4%
62.0000,58.0000,57.0000,57.0000,55.0000,54.0000,53.0000,53.0000,53.0000,53.0000
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Shares outstanding growth (annualized)   
-1.7%
Other companies in the insurance brokers industry
Company
Div. increase  
Yield
Div. growth
USA   Brown & Brown 23 yrs1.23%8.6%
USA   Marsh & McLennan Companies Inc 8 yrs1.94%7.6%
USA   Arthur J. Gallagher 7 yrs2.70%2.9%
United Kingdom   Jardine Lloyd Thompson Group P 7 yrs2.47%5.1%
Company profile
Empoloyees
4,700


Sector


Website


Founded
1925


Industry


SEC filings




Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It operates through four segments: Management Operations, Property and Casualty Insurance Operations, Life Insurance Operations, and Investment Operations. The comp...
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Address:
100 Erie Insurance Place, Erie, PA, 16530

Phone:
+1 814 870-2000
The dividend of Erie Indemnity Company is 3.13 USD and their yield is 2.53%. Since 1991they have raised their dividend each year, that is 26 years in a row. ERIE has a payout ratio of 77%, meaning that 77% of their earnings are paid as dividends. The company has a dividend payback period of 21 years. They have increased their dividend by 7.2% on average in the last 5 years. 7/3/2017 is the ex-dividend date for Erie Indemnity Company, while 7/20/2017 is the dividend pay date. It was founded in 1925 and is a US company with 4,700 employees. They are in the financial sector and the insurance brokers industry. We have awarded the company a dividend rating of 2.2 out of 5 stars.






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