Thursday, January 25, 2007

Midland Company Raises Dividend 63%

The Midland Company (MLAN), a property and casualty insurance Company and headquartered near Cincinnati, Ohio, announced a YOY 1st quarter 2007 dividend increase of 63%. The new dividend rate is 10 cents per quarter versus 6.125 cents in the same quarter last year. This represents the company's 21st consecutive year of dividend increases.

Midland is a small capitalization company with an $860 million market cap. This company is an example of a lower yielding dividend paying stock that exhibits a higher dividend growth rate. The S&P Earnings and Dividend Ranking is A-. The yield on the new dividend is .89% versus .50%.

(click on chart for larger image)

Midland Company Stock Chart

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