The Midland Company Declares Regular Quarterly Dividend
October 28 2004 - 3:12PM
PR Newswire (US)
The Midland Company Declares Regular Quarterly Dividend CINCINNATI,
Oct. 28 /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 January 5, 2005
to shareholders of record on December 22, 2004. The Midland Company
presently has 18,783,000 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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