Baldwin & Lyons Inc (NASDAQ:BWINB) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.28 per share by the insurance provider on Friday, March 9th. This represents a $1.12 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from Baldwin & Lyons’s previous quarterly dividend of $0.27.
Baldwin & Lyons (NASDAQ BWINB) traded down $0.20 during trading hours on Tuesday, hitting $22.70. 13,407 shares of the stock traded hands, compared to its average volume of 16,234. Baldwin & Lyons has a 12-month low of $21.20 and a 12-month high of $25.40. The stock has a market cap of $341.10, a PE ratio of 51.48 and a beta of 0.81.
Several research firms have recently commented on BWINB. BidaskClub raised shares of Baldwin & Lyons from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. TheStreet upgraded shares of Baldwin & Lyons from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th.
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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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