CEDAR RAPIDS, Iowa, May 21, 2014 (GLOBE NEWSWIRE) -- Today, the Board of Directors of United Fire Group, Inc. (Nasdaq:UFCS) (the "Company" or "UFG") approved a dividend increase of 11 percent and declared a common stock quarterly cash dividend of $0.20 per share. This dividend will be payable June 16, 2014, for shareholders of record as of June 2, 2014.
"UFG has consistently paid a quarterly dividend since March 1968," stated Randy Ramlo, president and chief executive officer. "The actions of our Board today to increase the dividend will further enhance our commitment to long-term shareholder value as well as help to create a competitive total return to our shareholders."
About United Fire Group, Inc.:
Founded in 1946 as United Fire & Casualty Company, United Fire Group, Inc., through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance and life insurance as well as selling annuities.
Through our subsidiaries, we are licensed as a property and casualty insurer in 43 states, plus the District of Columbia, and we are represented by approximately 1,200 independent insurance agencies. The United Fire pooled group is rated "A" (Excellent) by A.M. Best Company.
Our subsidiary, United Life Insurance Company, is licensed in 37 states, represented by approximately 1,000 independent life insurance agencies and rated "A-" (Excellent) by A.M. Best Company.
For more information about United Fire Group, Inc. visit www.unitedfiregroup.com.