The Midland Company Declares Regular Quarterly Dividend
July 29 2004 - 1:08PM
PR Newswire (US)
The Midland Company Declares Regular Quarterly Dividend CINCINNATI,
July 29 /PRNewswire-FirstCall/ -- The Midland Company
(NASDAQ:MLAN), 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 October 5, 2004
to share holders of record on September 21, 2004. The Midland
Company presently has 18,769,000 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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