Emc Insurance Group Incorporated (NASDAQ:EMCI) announced its quarterly dividend of 20 cents per share, an increase of about 5% over its prior dividend in September of 19 cents. The dividend will be payable on November 23, 2011, to stockholders of record on November 16, 2011, with an ex-dividend date of November 14, 2011. The annual yield on the dividend is 4.1 percent. The Company's Board of Directors also authorized a $15 million stock repurchase program.
Shares are lower by about 2.9 percent.
In other dividend news, Goldcorp Incorporated New (NYSE:GG) maintained its monthly dividend of 3.4 cents per share. Limited Brands Incorporated (NYSE:LTD) maintained its quarterly dividend of 20 cents per share.
Among dividend increases, Textainer Group Holdings Limited (NYSE:TGH) announced its quarterly dividend of 35 cents per share, an increase of about 6% over its prior dividend in August of 33 cents.
Among dividend reductions, Eastern American Natural Gas Trust (NYSE:NGT) announced its quarterly dividend of 24.27 cents per share, a decrease of about 10% from its prior dividend in August of 26.9 cents.
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