Independence Holding Company (IHC) Announces Semiannual Dividend of $0.10
Independence Holding Company (NYSE:IHC) announced a semiannual dividend on Thursday, December 21st, Wall Street Journal reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.10 per share by the financial services provider on Tuesday, January 16th. This represents a yield of 0.7%. The ex-dividend date is Friday, December 29th. This is a positive change from Independence’s previous semiannual dividend of $0.06.
Independence has raised its dividend payment by an average of 37.0% per year over the last three years and has increased its dividend every year for the last 5 years.
Independence (IHC) traded up $0.20 during mid-day trading on Thursday, hitting $29.00. 2,500 shares of the stock traded hands, compared to its average volume of 11,985. Independence has a one year low of $16.55 and a one year high of $30.00. The firm has a market cap of $428.04, a PE ratio of 14.92 and a beta of 0.33.
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Independence Holding Company (IHC) is a holding company principally engaged in the life and health insurance business. The Company’s segments include Medical Stop-Loss; Fully Insured Health; Group disability, life and DBL; Individual life, annuities and other, and Corporate. The Company is a writer across the nation of excess or stop-loss insurance for self-insured employer groups that desire to manage the risk of large medical claims (Medical Stop-Loss).
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