State Auto Financial Declares 86th Consecutive Quarterly Dividend
November 09 2012 - 2:00PM
Business Wire
Today the board of directors of State Auto Financial Corporation
(Nasdaq: STFC) declared a regular quarterly cash dividend of $0.10
per share, payable Dec. 31, 2012, to shareholders of record at the
close of business on Dec. 12, 2012. Since the third quarter of
2007, the company has declared quarterly cash dividends of $0.15
per share. The $0.10 per share dividend declared today is
consistent with the previously disclosed overall capital management
strategy, which included reducing the company’s share from 80% to
65% of the Pooling Arrangement at the close of business on Dec. 31,
2011. This is the 86th consecutive quarterly cash dividend declared
by the company's board since STFC had its initial public offering
of common stock in 1991.
State Auto Financial Corporation, headquartered in Columbus,
Ohio, is a super regional property and casualty insurance holding
company and is proud to be a Trusted Choice® company partner. STFC
stock is traded on the NASDAQ Global Select Market, which
represents the top third of all NASDAQ listed companies.
The insurance subsidiaries of State Auto Financial Corporation
are part of the State Auto Group. The State Auto Group markets its
insurance products throughout the United States through independent
insurance agencies, which include retail agencies and wholesale
brokers. The State Auto Group is rated A (Excellent) by the A.M.
Best Company and includes State Automobile Mutual, State Auto
Property & Casualty, State Auto Ohio, State Auto Wisconsin,
State Auto Florida, Milbank, Farmers Casualty, Meridian Security,
Meridian Citizens Mutual, Beacon National, Beacon Lloyds, Patrons
Mutual, Litchfield Mutual Fire, Rockhill Insurance, Plaza
Insurance, American Compensation and Bloomington Compensation.
Additional information on State Auto Financial Corporation and the
State Auto Insurance Companies can be found online at
http://www.StateAuto.com/STFC.
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