New Jersey Manufacturers Insurance Company said it would pay a special dividend of approximately $132 million to more than 405,000 policyholders.
West Trenton, N.J.-based NJM said this marks the 14th consecutive year the company has sent policyholders dividend checks, and the largest special dividend the company has ever paid in its 94-year history.
On average, policyholders will receive checks of about $327 each, which will be mailed from Nov. 19 through Dec. 12.
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