At the December 9, 2003,
regular meeting of the board of directors of the Erie Indemnity Company
(Nasdaq: ERIE), the board approved an increase in shareholders' dividends. In
separate actions, the board also reauthorized a stock repurchase program and
set the management fee rate charged to the Erie Insurance Exchange for 2004.
The board of directors increased the regular quarterly dividend from $0.19
to $0.215 on each Class A share and from $28.50 to $32.25 on each Class B
share. The dividend is payable January 20, 2004, to shareholders of record as
of January 5, 2004, with a divid...
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