Mercer Insurance hikes dividends, buy back 5 pct of stock
NEW YORK (Associated Press) - Mercer Insurance Group Inc. Wednesday, it is the increase in quarterly dividends and begin buying back stock.
Mercer’s Board of Directors, the steady increase in the dividend of 7.5 cents to 5 cents. The next dividend will be paid on June 27, shareholders of record on 11 June.
The company began its repurchase a maximum of 5 per cent of share capital with voting rights “from time to time,” said the company.
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