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.

A hedge fund recently raised its stake in Independence stock. State Street Corp raised its position in Independence Holding Company (NYSE:IHC) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 123,403 shares of the financial services provider’s stock after acquiring an additional 4,561 shares during the period. State Street Corp owned approximately 0.82% of Independence worth $2,523,000 at the end of the most recent reporting period. Institutional investors own 17.55% of the company’s stock.

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About Independence

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).

Dividend History for Independence (NYSE:IHC)

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