COLUMBUS, Ohio -- August 16, 2002 -- The board of directors of State Auto Financial Corporation (Nasdaq:STFC) voted today to increase the quarterly cash dividend to $0.035 per share, payable September 30, 2002, to shareholders of record at the close of business on September 12, 2002.
The previous cash dividend was $0.0325 per share. This represents an 8% increase and marks STFC's eleventh annual dividend increase and 45th consecutive cash dividend since the company's initial public offering of common stock on June 28, 1991.
State Auto Financial Corporation is a regional property and casualty insurance holding company engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers' compensation and fire insurance. The company currently markets its products through more than 22,000 independent agents associated with approximately 3,800 agencies in 26 states. Products are marketed primarily in the Midwest and Eastern United States, excluding New York, New Jersey and the New England states.