LOS ANGELES, Feb. 5 /PRNewswire-FirstCall/ -- Mercury General
Corporation (NYSE: MCY) announced that its Board of Directors, on February
2, 2007, declared a first quarter dividend of $0.52 per share, an annual
rate of $2.08 per share representing an 8.3% increase over the rate paid in
2006. The dividend will be paid on March 29, 2007 to shareholders of record
on March 15, 2007.
Since dividends were instituted in the first quarter of 1986, Mercury
General's dividend has increased at least once each year with the overall
compound rate of increase over twenty years averaging approximately 20%.
As previously announced, the Company will host an investor conference
call and webcast on February 12, 2007 to review the Company's results of
operations for the fourth quarter and year ended December 31, 2006. All
interested investors will be able to access the conference call at (877)
807-1888 (USA), (706) 679-3827 (International) or by visiting
http://www.mercuryinsurance.com. A replay of the call will be available
beginning at 1:30 P.M. Pacific Time and running through February 19, 2007.
The replay telephone numbers are (800) 642-1687 (USA) or (706) 645-9291
(International). The conference ID# is 6946173. The replay will also be
available on our website shortly following the call.
Mercury General Corporation and its subsidiaries are a multiple line
insurance organization offering predominantly personal automobile and
homeowners insurance through a network of independent producers in many
states. For more information, visit our website at
http://www.mercuryinsurance.com.
SOURCE Mercury General Corporation
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Related links:
http://www.mercuryinsurance.com
CONTACT:
Theodore Stalick, VP-CFO of Mercury General
Corporation, +1-323-937-1060
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