Farmers Group Inc.’s board increased its quarterly...
Farmers Group Inc.’s board increased its quarterly dividend 20% to 36 cents per share. The 6-cent-per-share increase will cost the Los Angeles-based insurance company an extra $4.13 million per quarter. Farmers has rejected as inadequate an offer of $60 per share, or $4.13 billion, from an American subsidiary of British-based tobacco-retailing-paper conglomerate BAT Industries PLC. BAT has indicated that it would be willing to raise its price, but Farmers had said it wishes to remain independent.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.