Erie Indemnity Co (Erie Indemnity Co) Dividend Payout Ratio

: 0.60 (As of Dec. 2023)

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Erie Indemnity Co's dividend payout ratio for the months ended in Dec. 2023 was 0.60.

The historical rank and industry rank for Erie Indemnity Co's Dividend Payout Ratio or its related term are showing as below:

ERIE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.57 Med: 0.74 Max: 0.85
Current: 0.57

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.

ERIE's Dividend Payout Ratio is ranked worse than
69.9% of 289 companies
in the Insurance industry
Industry Median: 0.37 vs ERIE: 0.57

As of today (2024-04-19), the Dividend Yield % of Erie Indemnity Co is 1.26%.

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

Erie Indemnity Co's Dividends per Share for the months ended in Dec. 2023 was $1.28.

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.

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.

The growth rate is calculated with least square regression.

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

Erie Indemnity Co Dividend Payout Ratio Historical Data

The historical data trend for Erie Indemnity Co's Dividend Payout Ratio 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.

Erie Indemnity Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.61

0.70

0.74

0.79

0.57

Erie Indemnity Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.95	0.72	0.53	0.47	0.60

Competitive Comparison

For the Insurance Brokers subindustry, Erie Indemnity Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

For the Insurance industry and Financial Services sector, Erie Indemnity Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Erie Indemnity Co's Dividend Payout Ratio falls into.

Erie Indemnity Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	4.845	/	8.53
	=	0.57

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

Erie Indemnity Co (NAS:ERIE) Dividend Payout Ratio Explanation

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.

Erie Indemnity Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Erie Indemnity Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Erie Indemnity Co (Erie Indemnity Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Erie Indemnity Co (NAS:ERIE) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

EI2:Germany

Address

100 Erie Insurance Place, Erie, PA, USA, 16530

Website

https://www.erieinsurance.com

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