Mercury General Corporation

MCY

Financial Services · Insurance - Property & Casualty · Stock · quarterly payer

$102.80

Overvalued · -69% Add to Portfolio

Forward Yield

1.24%

Annual Dividend

$1.27

Payout Ratio

5-Yr Growth

-12.8%

Ex-Date

Sep 10, 2026

Frequency

Quarterly

Key facts about MCY's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, Mercury General Corporation (MCY) has a forward dividend yield of 1.24%, based on an annual dividend of $1.27 per share and a share price of $102.80.
As of Oct 18, 2026, MCY's dividend safety grade from SmarterDividends is B (69 out of 100), which rates the dividend as safe.
MCY last cut its regular dividend in 2023.
MCY's most recent ex-dividend date was Sep 10, 2026, for a dividend of $0.32 per share.
As of Oct 18, 2026, MCY pays out 8% of its trailing 12-month earnings as dividends (its payout ratio).
MCY's dividend has shrunk at an average rate of 12.8% a year over the past five years.
As of Oct 18, 2026, MCY's 1.24% yield is 63% below its five-year average yield of 3.35%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for MCY is $31.40 per share, 69% below the $102.80 share price, so MCY screens as overvalued.
Mercury General Corporation (MCY) pays its dividend quarterly, 4 times a year.
Mercury General Corporation (MCY) has raised its regular dividend 34 times and cut it 1 time across the 147 payments on record since 1987. Its most recent change was a 49.9% cut to $0.318 per share, going ex-dividend on Sep 14, 2022.

Cite this page

SmarterDividends, "MCY Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/MCY

Summary

As of Oct 18, 2026, Mercury General Corporation (MCY) yields 1.24% ($1.27 a year per share) and has a dividend safety grade of B (69/100).

Is MCY a good dividend stock?

Yes, with caveats

Mercury General Corporation (MCY) pays a quarterly dividend yielding 1.24% ($1.27/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

Comfortable payout ratio (8%)
101% total price return over 5 years

Risks

Cut its dividend in 2023
Dividend has been shrinking, not growing

Key Data

Dividend Yield: 1.24%
Payout Ratio: 8%
Annual Dividend: $1.27
5-Yr Avg Growth: -12.8%
Ex-Dividend Date: Sep 10, 2026
Years of Growth: 0
Frequency: quarterly
Beta: 0.91
Market Cap: $5.7B
P/E Ratio: 6.1
5-Yr Total Return: 101%
52-Week Range: $74.29 – $113.06
Dividend Safety: B · 69/100
Ever Cut?: Yes (2023)

MCY dividend raises and cuts

Mercury General Corporation (MCY) has raised its regular dividend 34 times and cut it 1 time across the 147 payments on record since 1987. Its most recent change was a 49.9% cut to $0.318 per share, going ex-dividend on Sep 14, 2022.

Ex-date	Change	Old → new	Move
Sep 14, 2022	Cut	$0.635 → $0.318	−49.9%
Dec 15, 2021	Raise	$0.633 → $0.635	+0.3%
Dec 15, 2020	Raise	$0.630 → $0.633	+0.5%
Dec 11, 2019	Raise	$0.628 → $0.630	+0.3%
Dec 12, 2018	Raise	$0.625 → $0.628	+0.5%
Dec 13, 2017	Raise	$0.623 → $0.625	+0.3%
Dec 13, 2016	Raise	$0.620 → $0.623	+0.5%
Dec 11, 2015	Raise	$0.618 → $0.620	+0.3%
Dec 10, 2014	Raise	$0.615 → $0.618	+0.5%
Dec 10, 2013	Raise	$0.613 → $0.615	+0.3%
Dec 11, 2012	Raise	$0.610 → $0.613	+0.5%
Dec 13, 2011	Raise	$0.600 → $0.610	+1.7%

Show all 35 changes since 1988

Ex-date	Change	Old → new	Move
Dec 14, 2010	Raise	$0.590 → $0.600	+1.7%
Dec 14, 2009	Raise	$0.580 → $0.590	+1.7%
Mar 13, 2008	Raise	$0.520 → $0.580	+11.5%
Mar 13, 2007	Raise	$0.480 → $0.520	+8.3%
Mar 13, 2006	Raise	$0.430 → $0.480	+11.6%
Mar 11, 2005	Raise	$0.370 → $0.430	+16.2%
Mar 11, 2004	Raise	$0.330 → $0.370	+12.1%
Mar 13, 2003	Raise	$0.300 → $0.330	+10.0%
Mar 13, 2002	Raise	$0.265 → $0.300	+13.2%
Mar 13, 2001	Raise	$0.240 → $0.265	+10.4%
Mar 13, 2000	Raise	$0.210 → $0.240	+14.3%
Mar 15, 1999	Raise	$0.175 → $0.210	+20.0%
Mar 12, 1998	Raise	$0.145 → $0.175	+20.7%
Mar 13, 1997	Raise	$0.120 → $0.145	+20.8%
Mar 13, 1996	Raise	$0.100 → $0.120	+20.0%
Mar 9, 1995	Raise	$0.0875 → $0.100	+14.3%
Mar 9, 1994	Raise	$0.0750 → $0.0875	+16.7%
Mar 10, 1993	Raise	$0.0625 → $0.0750	+20.0%
Mar 10, 1992	Raise	$0.0500 → $0.0625	+25.0%
Sep 6, 1991	Raise	$0.0375 → $0.0500	+33.3%
Jun 11, 1990	Raise	$0.0250 → $0.0375	+50.0%
Jun 9, 1988	Raise	$0.0225 → $0.0250	+11.1%
Mar 9, 1988	Raise	$0.0200 → $0.0225	+12.5%

Every MCY payment →Download every raise and cut (CSV)

MCY ex-dividend date & scheduleNext ex-date Sep 10, 2026 · full ex-dividend historyView →MCY dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MCY a good dividend stock?

Yes, with caveats. Mercury General Corporation (MCY) pays a quarterly dividend yielding 1.24% ($1.27/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is MCY undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MCY's fair value is about $31.40 versus a $102.80 share price — so it looks overvalued (-69% vs. fair value).

Is MCY's dividend safe?

MCY has a dividend-safety grade of B (69/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is MCY's fair value?

Our blended fair-value estimate for MCY is about $31.40 per share, about 69% below the current $102.80 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MCY a buy, hold, or sell?

We don't issue formal ratings, but on the data MCY screens as "yes, with caveats" and overvalued. Mercury General Corporation (MCY) pays a quarterly dividend yielding 1.24% ($1.27/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will MCY cut its dividend?

MCY earns a dividend-safety grade of B (69/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MCY pay a dividend?

Yes. Mercury General Corporation pays a quarterly dividend of about $1.27 per share annually, a forward yield of roughly 1.24%.

What is MCY's dividend yield?

As of Oct 18, 2026, MCY's forward dividend yield is 1.24%, based on a $1.27 annual dividend and a $102.80 share price.

What is MCY's dividend per share?

As of Oct 18, 2026, MCY pays $1.27 per share per year, distributed on a quarterly basis.

What is MCY's dividend payout ratio?

As of Oct 18, 2026, MCY's payout ratio is 8% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has MCY grown its dividend?

MCY does not currently have a long dividend-growth streak on record.

When is the next MCY ex-dividend date?

As of Oct 18, 2026, MCY's next ex-dividend date hasn't been announced. The most recent was Sep 10, 2026, for $0.32 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full MCY dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 10, 2026	Sep 24, 2026	$0.3180	regular
Jun 11, 2026	Jun 25, 2026	$0.3180	regular
Mar 12, 2026	Mar 26, 2026	$0.3180	regular
Dec 10, 2025	Dec 24, 2025	$0.3180	regular
Sep 11, 2025	Sep 25, 2025	$0.3180	regular
Jun 12, 2025	Jun 26, 2025	$0.3180	regular
Mar 13, 2025	Mar 27, 2025	$0.3180	regular
Dec 12, 2024	Dec 26, 2024	$0.3180	regular
Sep 12, 2024	Sep 26, 2024	$0.3180	regular
Jun 13, 2024	Jun 27, 2024	$0.3180	regular
Mar 12, 2024	Mar 27, 2024	$0.3180	regular
Dec 13, 2023	Dec 28, 2023	$0.3180	regular
Sep 13, 2023	Sep 28, 2023	$0.3180	regular
Jun 14, 2023	Jun 29, 2023	$0.3180	regular