Erie Indemnity (ERIE) Dividend
29 yrs growthErie Indemnity Company · Financial Services · Insurance Brokers · quarterly payer
As of Nov 8, 2026, Erie Indemnity (ERIE) pays a quarterly dividend of $1.4630 per share, or $5.85 a year, a 2.14% yield at its $273.07 share price. It pays every quarter, usually in January, April, July and October. It has raised its dividend 29 years in a row and has a dividend safety grade of A.
Forward Yield
2.14%
Annual Dividend
$5.85
Payout Ratio
53%
5-Yr Growth
7.2%
Ex-Date
Oct 5, 2026
Frequency
Quarterly
Key facts about ERIE's dividend
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Erie Indemnity Company (ERIE) has a forward dividend yield of 2.14%, based on an annual dividend of $5.85 per share and a share price of $273.07.
- As of Nov 8, 2026, ERIE's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Erie Indemnity Company (ERIE) has raised its dividend for 29 consecutive years as of Nov 8, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- ERIE has never cut its regular dividend in the payment history SmarterDividends has on record.
- ERIE's most recent ex-dividend date was Oct 5, 2026, for a dividend of $1.46 per share.
- As of Nov 8, 2026, ERIE pays out 53% of its trailing 12-month earnings as dividends (its payout ratio).
- ERIE's dividend has grown at an average rate of 7.2% a year over the past five years.
- As of Nov 8, 2026, ERIE's 2.14% yield is 21% above its five-year average yield of 1.76%.
- As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for ERIE is $136.13 per share, 50% below the $273.07 share price, so ERIE screens as overvalued.
- Erie Indemnity Company (ERIE) pays its dividend quarterly, 4 times a year.
- Erie Indemnity Company (ERIE) has raised its regular dividend 31 times and cut it 1 time across the 125 payments on record since 1996. Its most recent change was a 7.2% increase to $1.46 per share, going ex-dividend on Jan 6, 2026. The last cut went ex-dividend on Jul 2, 1996.
- Erie Indemnity (ERIE) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 7.2%, was declared on Dec 9, 2025.
Cite this page
SmarterDividends, "ERIE Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/ERIE
Is ERIE a good dividend stock?
YesErie Indemnity Company (ERIE) pays a quarterly dividend yielding 2.14% ($5.85/yr), with 29 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 29 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (53%)
- Strong 7.2% 5-yr dividend growth
- 47% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.14%
- Payout Ratio
- 53%
- Annual Dividend
- $5.85
- 5-Yr Avg Growth
- 7.2%
- Ex-Dividend Date
- Oct 5, 2026
- Years of Growth
- 29
- Frequency
- quarterly
- Beta
- 0.22
- Market Cap
- $14.3B
- P/E Ratio
- 24.8
- 5-Yr Total Return
- 47%
- 52-Week Range
- $204.63 – $301.61
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
ERIE dividend raises and cuts
Erie Indemnity Company (ERIE) has raised its regular dividend 31 times and cut it 1 time across the 125 payments on record since 1996. Its most recent change was a 7.2% increase to $1.46 per share, going ex-dividend on Jan 6, 2026. The last cut went ex-dividend on Jul 2, 1996.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 6, 2026 | Raise | $1.37 → $1.46 | +7.2% |
| Jan 7, 2025 | Raise | $1.28 → $1.37 | +7.1% |
| Jan 5, 2024 | Raise | $1.19 → $1.28 | +7.1% |
| Jan 4, 2023 | Raise | $1.11 → $1.19 | +7.2% |
| Jan 4, 2022 | Raise | $1.04 → $1.11 | +7.2% |
| Jan 4, 2021 | Raise | $0.965 → $1.04 | +7.3% |
| Jan 6, 2020 | Raise | $0.900 → $0.965 | +7.2% |
| Jan 7, 2019 | Raise | $0.840 → $0.900 | +7.1% |
| Jan 5, 2018 | Raise | $0.783 → $0.840 | +7.3% |
| Jan 3, 2017 | Raise | $0.730 → $0.783 | +7.3% |
| Dec 31, 2015 | Raise | $0.681 → $0.730 | +7.2% |
| Jan 2, 2015 | Raise | $0.635 → $0.681 | +7.2% |
Show all 32 changes since 1996
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 3, 2014 | Raise | $0.593 → $0.635 | +7.1% |
| Apr 3, 2013 | Raise | $0.553 → $0.593 | +7.2% |
| Jan 3, 2012 | Raise | $0.515 → $0.553 | +7.4% |
| Jan 3, 2011 | Raise | $0.480 → $0.515 | +7.3% |
| Dec 31, 2009 | Raise | $0.450 → $0.480 | +6.7% |
| Dec 31, 2008 | Raise | $0.440 → $0.450 | +2.3% |
| Jan 2, 2008 | Raise | $0.400 → $0.440 | +10.0% |
| Jan 3, 2007 | Raise | $0.360 → $0.400 | +11.1% |
| Jan 3, 2006 | Raise | $0.325 → $0.360 | +10.8% |
| Jan 4, 2005 | Raise | $0.215 → $0.325 | +51.2% |
| Dec 31, 2003 | Raise | $0.190 → $0.215 | +13.2% |
| Jan 2, 2003 | Raise | $0.170 → $0.190 | +11.8% |
| Jan 2, 2002 | Raise | $0.153 → $0.170 | +11.1% |
| Jan 3, 2001 | Raise | $0.135 → $0.153 | +13.3% |
| Jan 4, 2000 | Raise | $0.120 → $0.135 | +12.5% |
| Jan 4, 1999 | Raise | $0.108 → $0.120 | +11.1% |
| Jan 2, 1998 | Raise | $0.0950 → $0.108 | +13.7% |
| Jan 2, 1997 | Raise | $0.0820 → $0.0950 | +15.9% |
| Jul 2, 1996 | Cut | $0.0833 → $0.0820 | −1.6% |
| Apr 2, 1996 | Raise | $0.0650 → $0.0833 | +28.2% |
Frequently Asked Questions
Is ERIE a good dividend stock?
Yes. Erie Indemnity Company (ERIE) pays a quarterly dividend yielding 2.14% ($5.85/yr), with 29 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is ERIE undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ERIE's fair value is about $136.13 versus a $273.07 share price — so it looks overvalued (-50% vs. fair value).
Is ERIE's dividend safe?
ERIE has a dividend-safety grade of A (90/100), based on its payout coverage, free-cash-flow, 29-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is ERIE's fair value?
Our blended fair-value estimate for ERIE is about $136.13 per share, about 50% below the current $273.07 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is ERIE a buy, hold, or sell?
We don't issue formal ratings, but on the data ERIE screens as "yes" and overvalued. Erie Indemnity Company (ERIE) pays a quarterly dividend yielding 2.14% ($5.85/yr), with 29 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will ERIE cut its dividend?
ERIE earns a dividend-safety grade of A (90/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does ERIE pay a dividend?
Yes. Erie Indemnity Company pays a quarterly dividend of about $5.85 per share annually, a forward yield of roughly 2.14%.
How much dividend does 100 shares of ERIE pay?
At $5.85 per share a year, 100 shares of ERIE pay $585.00 a year in dividends before tax, about $146.25 each quarter. Buying them costs about $27,307 at the Nov 8, 2026 price.
What is ERIE's dividend yield?
As of Nov 8, 2026, ERIE's forward dividend yield is 2.14%, based on a $5.85 annual dividend and a $273.07 share price.
What is ERIE's dividend per share?
As of Nov 8, 2026, ERIE pays $5.85 per share per year, distributed on a quarterly basis.
What is ERIE's dividend payout ratio?
As of Nov 8, 2026, ERIE's payout ratio is 53% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has ERIE grown its dividend?
As of Nov 8, 2026, ERIE has increased its dividend for 29 consecutive years.
When is the next ERIE ex-dividend date?
As of Nov 8, 2026, ERIE's next ex-dividend date hasn't been announced. The most recent was Oct 5, 2026, for $1.46 per share.
ERIE Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
-8%
5 Years
+47%
52-Week Range
$204.63 – $301.61
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ERIE worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Erie Indemnity Company is $136.13 per share, versus a market price of $273.07. That implies 50% of downside.
Fair Value
$136.13
Current Price
$273.07
Downside
-50%
Margin of Safety
-101%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.0% discount rate (CAPM), 3.7% growth for five years fading to 2.5% over the next five, $11.01 EPS, $5.85 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ERIE Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full ERIE dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 5, 2026 | Oct 20, 2026 | $1.4630 | regular |
| Jul 7, 2026 | Jul 21, 2026 | $1.4630 | regular |
| Apr 7, 2026 | Apr 21, 2026 | $1.4630 | regular |
| Jan 6, 2026 | Jan 21, 2026 | $1.4630 | regular |
| Oct 6, 2025 | Oct 21, 2025 | $1.3650 | regular |
| Jul 8, 2025 | Jul 22, 2025 | $1.3650 | regular |
| Apr 7, 2025 | Apr 22, 2025 | $1.3650 | regular |
| Jan 7, 2025 | Jan 22, 2025 | $1.3650 | regular |
| Oct 7, 2024 | Oct 22, 2024 | $1.2750 | regular |
| Jul 9, 2024 | Jul 23, 2024 | $1.2750 | regular |
| Apr 8, 2024 | Apr 23, 2024 | $1.2750 | regular |
| Jan 5, 2024 | Jan 23, 2024 | $1.2750 | regular |
| Oct 4, 2023 | Oct 20, 2023 | $1.1900 | regular |
| Jul 5, 2023 | Jul 20, 2023 | $1.1900 | regular |
Income Calculator
At $5.85 / yr per share
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