Nodak Mutual Insurance Company's Board of Directors has declared a 5.42% dividend payment to crop-hail policyholders. The dividend represents over $260,000 that will be returned to Nodak Mutual crop-hail policyholders. 

Nodak Mutual Executive Vice President and CEO Jim Alexander said, "We are pleased to be able to return over 5 percent of our crop-hail premiums to our policyholders in the form of a dividend payment. While 2010 was a challenging year weather-wise, our crop-hail line performed very well."  

Dividend payments will be distributed to policyholders next week.

Nodak Mutual Insurance Company, the 13^th largest crop-hail writer in the country, is rated (A-)  Excellent by A.M. Best, and is the largest domestic property/casualty insurer in the state of North Dakota.