Penn Mutual’s 2016 Dividend Award Marks Eighth Consecutive Year Its Dividend Scale Has Been Increased or Maintained

David O’Malley

By David O’Malley | November 23, 2015

As I wrote earlier this month, Penn Mutual announced its 2016 dividend award on November 20. This year’s dividend award payout is a testament to Penn Mutual’s enduring financial strength, supported by a long-term perspective and prudent management approach. It represents a 17 percent increase for 2016 and a 61 percent increase over just five years ago.

Since the financial crisis in 2008, Penn Mutual has increased or maintained its dividend scale and over the past five years increased the dividend award payout. Our analysis shows that we are unique among our major competitors in this achievement, as the other companies have all decreased their dividend scale at some point since the crisis.

As Eileen McDonnell, chairman, president, chief executive officer of Penn Mutual put it in the announcement:

“We take seriously the trust our policyholders, financial professionals and associates have placed in us and remain steadfast in our promise to maintain that trust, remain true to our mutual principles and continue to deliver excellent value.”

Dividends are not guaranteed.

This post is for informational purposes only and should not be considered as specific financial, legal or tax advice. Depending on your individual circumstances, the strategies discussed in this presentation may not be appropriate for your situation. The information in this material is not intended as tax or legal advice. Always consult your legal or tax professionals for specific information regarding your individual situation.

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