Baldwin & Lyons Inc (NASDAQ:BWINA) declared a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Investors of record on Friday, February 23rd will be given a dividend of 0.28 per share by the financial services provider on Friday, March 9th. This represents a $1.12 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, February 22nd. This is a positive change from Baldwin & Lyons’s previous quarterly dividend of $0.27.
Baldwin & Lyons (NASDAQ:BWINA) traded down $0.62 on Tuesday, reaching $23.10. 1,400 shares of the company’s stock were exchanged, compared to its average volume of 819. The stock has a market capitalization of $347.33, a PE ratio of 52.50 and a beta of 0.48. Baldwin & Lyons has a 52-week low of $21.41 and a 52-week high of $26.95.
Separately, TheStreet upgraded shares of Baldwin & Lyons from a “c+” rating to a “b” rating in a research note on Friday, December 1st.
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Baldwin & Lyons, Inc is a specialty property-casualty insurer providing liability coverage for large and medium-sized trucking and public transportation fleets, as well as coverage for trucking industry independent contractors. Through its divisions and subsidiaries, the Company engages in marketing and underwriting property and casualty insurance, including a limited assumption of risks as a reinsurer of other companies.
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