The Midland Company Declares Regular Quarterly Dividend
April 29 2004 - 1:58PM
PR Newswire (US)
The Midland Company Declares Regular Quarterly Dividend CINCINNATI,
April 29 /PRNewswire-FirstCall/ -- The Midland Company , a highly
focused provider of specialty insurance products and services,
today declared a regular quarterly dividend of 5.125 cents per
share, maintaining the annual dividend at 20.5 cents per share. The
quarterly dividend is payable July 1, 2004 to share holders of
record on June 18, 2004. The Midland Company presently has
18,737,000 shares outstanding. About the Company Midland, which is
headquartered in Cincinnati, Ohio, is a provider of specialty
insurance products and services through its wholly owned
subsidiary, American Modern Insurance Group, which accounts for
approximately 96 percent of Midland's consolidated revenue.
American Modern specializes in writing physical damage insurance
and related coverages on manufactured housing and has expanded to
other specialty insurance products including coverage for
site-built homes, motorcycles, watercraft, snowmobiles,
recreational vehicles, physical damage on long-haul trucks,
extended service contracts, credit life and related products as
well as collateral protection and mortgage fire products sold to
financial institutions and their customers. Midland also owns a
niche transportation business, M/G Transport Group, which operates
a fleet of dry cargo barges for the movement of dry bulk
commodities on the inland waterways. Midland's common stock is
traded on the Nasdaq National Market under the symbol MLAN.
Additional information on the company can be found on the Internet
at http://www.midlandcompany.com/ . DATASOURCE: The Midland Company
CONTACT: John I. Von Lehman, Executive Vice President and CFO of
The Midland Company, +1-513-943-7100 Web site:
http://www.midlandcompany.com/
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