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Rural Mutual Insurance Declares 5% Farm Dividend for Fifth Year
$12.5 Million Given Back to Farm Policyholders Through Dividend Program
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MADISON, Wis., March 2, 2021 /PRNewswire/ For the fifth year in a row since Rural Mutual Insurance established the first-of-its-kind Farm Dividend Program, the company s Board of Directors declared a 5% dividend on all eligible farm policies for 2020 farm policyholders. Over the past five years, Rural Mutual has paid out over $12.5 million to Wisconsin farmers as part of this program.
Based on the company s positive operating results, an estimated $2.5 million will be paid out in 2021 at the time of farm policy renewal. Farmers started receiving dividend checks in late February.
Rural Mutual Insurance Declares 5% Farm Dividend for Fifth Year prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Rural Mutual Declares Special 2020 Dividend for Policyholders
Company expects to pay over $5 million in 2021
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MADISON, Wis., Feb. 1, 2021 /PRNewswire/ For the first time in its history, Rural Mutual Insurance has declared that they will issue a special dividend to their policyholders. The dividend is either 2% of eligible policy term premium or $50, whichever is more, and will be paid in 2021. Rural Mutual is taking this action as an opportunity to help keep Wisconsin strong amidst one of the most difficult years in recent history.
Based on the company s positive operating results, it s estimated that over $5 million will be paid out. Policyholders will begin receiving Special 2020 Dividend checks later this month.
Tractor accidents, grain entrapment and injuries from ornery livestock are just some of the dangers agricultural workers face every day. In fact, the Natio