Baldwin & Lyons, Inc. (BWINB) Declares Quarterly Dividend of $0.27
Baldwin & Lyons, Inc. (NASDAQ:BWINB) declared a quarterly dividend on Monday, February 13th. Investors of record on Friday, February 24th will be given a dividend of 0.27 per share on Friday, March 10th. This represents a $1.08 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Wednesday, February 22nd. This is a boost from Baldwin & Lyons’s previous quarterly dividend of $0.26.
Baldwin & Lyons (NASDAQ:BWINB) opened at 23.00 on Friday. Baldwin & Lyons has a 52-week low of $22.80 and a 52-week high of $27.70. The company’s 50-day moving average is $24.28 and its 200-day moving average is $25.33. The firm has a market capitalization of $346.93 million, a PE ratio of 12.53 and a beta of 0.84.
In related news, Director Kenneth David Sacks acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The stock was acquired at an average price of $26.18 per share, for a total transaction of $39,270.00. Following the completion of the acquisition, the director now owns 24,212 shares of the company’s stock, valued at approximately $633,870.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 38.09% of the company’s stock.
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About Baldwin & Lyons
Baldwin & Lyons, Inc (B&L) through its divisions and subsidiaries, is engaged in marketing and underwriting property and casualty insurance, including limited assumption of risks as a reinsurer of other companies. The Company operates in two segments: property and casualty insurance, and reinsurance.
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