Erie Indemnity Company

NasdaqGS:ERIE Stock Report

Market Cap: US$21.8b

Erie Indemnity Dividends and Buybacks

Dividend criteria checks 4/6

Erie Indemnity is a dividend paying company with a current yield of 1.22% that is well covered by earnings. Next payment date is on 22nd January, 2025 with an ex-dividend date of 7th January, 2025.

Key information

1.2%

Dividend yield

n/a

Buyback Yield

Total Shareholder Yieldn/a
Future Dividend Yield1.3%
Dividend Growth-7.7%
Next dividend pay date22 Jan 25
Ex dividend date07 Jan 25
Dividend per shareUS$5.100
Payout ratio42%

Recent dividend and buyback updates

Erie Indemnity (NASDAQ:ERIE) Will Pay A Larger Dividend Than Last Year At $1.37

Dec 17
Erie Indemnity (NASDAQ:ERIE) Will Pay A Larger Dividend Than Last Year At $1.37

Recent updates

Erie Indemnity (NASDAQ:ERIE) Will Pay A Larger Dividend Than Last Year At $1.37

Dec 17
Erie Indemnity (NASDAQ:ERIE) Will Pay A Larger Dividend Than Last Year At $1.37

Some Confidence Is Lacking In Erie Indemnity Company (NASDAQ:ERIE) As Shares Slide 26%

Nov 05
Some Confidence Is Lacking In Erie Indemnity Company (NASDAQ:ERIE) As Shares Slide 26%

What To Expect From Erie Indemnity Ahead Of Q3 2024 Earnings

Oct 27

There's Reason For Concern Over Erie Indemnity Company's (NASDAQ:ERIE) Massive 26% Price Jump

Aug 18
There's Reason For Concern Over Erie Indemnity Company's (NASDAQ:ERIE) Massive 26% Price Jump

Is Now The Time To Put Erie Indemnity (NASDAQ:ERIE) On Your Watchlist?

Jul 14
Is Now The Time To Put Erie Indemnity (NASDAQ:ERIE) On Your Watchlist?

Investor Optimism Abounds Erie Indemnity Company (NASDAQ:ERIE) But Growth Is Lacking

Jun 26
Investor Optimism Abounds Erie Indemnity Company (NASDAQ:ERIE) But Growth Is Lacking

Here's Why Erie Indemnity Company's (NASDAQ:ERIE) CEO May Deserve A Raise

Apr 17
Here's Why Erie Indemnity Company's (NASDAQ:ERIE) CEO May Deserve A Raise

Do Erie Indemnity's (NASDAQ:ERIE) Earnings Warrant Your Attention?

Mar 21
Do Erie Indemnity's (NASDAQ:ERIE) Earnings Warrant Your Attention?

Why Investors Shouldn't Be Surprised By Erie Indemnity Company's (NASDAQ:ERIE) P/E

Feb 21
Why Investors Shouldn't Be Surprised By Erie Indemnity Company's (NASDAQ:ERIE) P/E

Erie Indemnity goes ex dividend tomorrow

Oct 03

Erie Insurance launches venture capital fund to accelerate innovation

Aug 25

Erie Indemnity GAAP EPS of $1.53 misses by $0.09, revenue of $726.14M beats by $18.66M

Jul 28

Erie Indemnity Flourishing From Here To Eternity, But The Stock Price Is Not Yet Worthy

Jul 16

Erie Indemnity goes ex-dividend on Tuesday

Jul 01

Upcoming Dividend Payment

TodayDec 21 2024Ex Dividend DateJan 07 2025Dividend Pay DateJan 22 202515 days from Ex DividendBuy in the next 16 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: ERIE's dividends per share have been stable in the past 10 years.

Growing Dividend: ERIE's dividend payments have increased over the past 10 years.

Dividend Yield vs Market

Erie Indemnity Dividend Yield vs Market
How does ERIE dividend yield compare to the market?
SegmentDividend Yield
Company (ERIE)1.2%
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.5%
Industry Average (Insurance)2.0%
Analyst forecast (ERIE) (up to 3 years)1.3%

Notable Dividend: ERIE's dividend (1.22%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: ERIE's dividend (1.22%) is low compared to the top 25% of dividend payers in the US market (4.51%).

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.1%), ERIE's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (57%), ERIE's dividend payments are covered by cash flows.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:57
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Erie Indemnity Company is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amit KumarMacquarie Research
Michael PhillipsStifel, Equities Research
Adam KlauberWilliam Blair & Company L.L.C.