Baldwin & Lyons, Inc. (BWINB) Declares Quarterly Dividend of $0.27
Baldwin & Lyons, Inc. (NASDAQ:BWINB) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Shareholders of record on Tuesday, August 22nd will be given a dividend of 0.27 per share by the insurance provider on Tuesday, September 5th. This represents a $1.08 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Friday, August 18th.
Baldwin & Lyons (NASDAQ BWINB) remained flat at $23.45 during midday trading on Wednesday. The company had a trading volume of 32,185 shares. The company’s 50-day moving average is $24.20 and its 200-day moving average is $24.14. The stock has a market cap of $354.19 million, a PE ratio of 16.40 and a beta of 0.84. Baldwin & Lyons has a 52 week low of $22.60 and a 52 week high of $27.70.
Baldwin & Lyons (NASDAQ:BWINB) last released its quarterly earnings data on Wednesday, May 10th. The insurance provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.27. The business had revenue of $84.94 million during the quarter. Baldwin & Lyons had a return on equity of 2.03% and a net margin of 6.68%. On average, equities research analysts forecast that Baldwin & Lyons will post $1.40 earnings per share for the current year.
Separately, BidaskClub downgraded shares of Baldwin & Lyons from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.
About Baldwin & Lyons
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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