Erie Indemnity Company
ERIE29 yrs growthFinancial Services · Stock · quarterly payer
Forward Yield
2.57%
Annual Dividend
$5.85
Payout Ratio
52%
5-Yr Growth
7.2%
Ex-Date
Jul 7, 2026
Frequency
Quarterly
Summary
As of July 2026, Erie Indemnity Company (ERIE) yields 2.57% ($5.85 per share annually), with a blended fair-value estimate of $136.55 — -40% downside, so it screens as overvalued. Dividend safety grade: A (87/100). 29 years of dividend growth.
Is ERIE a good dividend stock?
YesErie Indemnity Company (ERIE) pays a quarterly dividend yielding 2.57% ($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 (52%)
- Strong 7.2% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.57%
- Payout Ratio
- 52%
- Annual Dividend
- $5.85
- 5-Yr Avg Growth
- 7.2%
- Ex-Dividend Date
- Jul 7, 2026
- Years of Growth
- 29
- Frequency
- quarterly
- Beta
- 0.29
- Market Cap
- $11.8B
- P/E Ratio
- 20.8
- 5-Yr Total Return
- 28%
- 52-Week Range
- $204.63 – $380.67
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
Frequently Asked Questions
ERIE Price — Last 12 Months
Daily close
Price Return
1 Year
-36%
3 Years
-18%
5 Years
+28%
52-Week Range
$204.63 – $380.67
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 $136.55 per share, versus a market price of $227.31. That implies 40% of downside.
Fair Value
$136.55
Current Price
$227.31
Downside
-40%
Margin of Safety
-66%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 2.6% annual free-cash-flow growth. We model -2.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), -2.2% stage-1 growth, 2.5% terminal growth, $10.91 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 7, 2026 | — | $1.4630 | regular |
| Apr 7, 2026 | — | $1.4630 | regular |
| Jan 6, 2026 | — | $1.4630 | regular |
| Oct 6, 2025 | — | $1.3650 | regular |
| Jul 8, 2025 | — | $1.3650 | regular |
| Apr 7, 2025 | — | $1.3650 | regular |
| Jan 7, 2025 | — | $1.3650 | regular |
| Oct 7, 2024 | — | $1.2750 | regular |
| Jul 9, 2024 | — | $1.2750 | regular |
| Apr 8, 2024 | — | $1.2750 | regular |
| Jan 5, 2024 | — | $1.2750 | regular |
| Oct 4, 2023 | — | $1.1900 | regular |
| Jul 5, 2023 | — | $1.1900 | regular |
| Apr 4, 2023 | — | $1.1900 | regular |
Income Calculator
At $5.85 / yr per share
