Protective Insurance Corp (PTVCA) to Issue Quarterly Dividend of $0.10 on March 11th

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Protective Insurance Corp (NASDAQ:PTVCA) announced a quarterly dividend on Thursday, February 20th, Zacks reports. Stockholders of record on Wednesday, February 26th will be given a dividend of 0.10 per share on Wednesday, March 11th. This represents a $0.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, February 25th.

Protective Insurance has decreased its dividend payment by an average of 28.2% annually over the last three years. Protective Insurance has a dividend payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings.

NASDAQ:PTVCA opened at $15.50 on Monday. The firm has a 50 day simple moving average of $15.39 and a 200-day simple moving average of $15.48. The firm has a market cap of $222.12 million, a PE ratio of -10.99 and a beta of 0.64. Protective Insurance has a 1-year low of $14.01 and a 1-year high of $22.75.

In other Protective Insurance news, CEO Jeremy Davi Edgecliffe-Johnson acquired 3,085 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $16.19 per share, with a total value of $49,946.15. Following the completion of the transaction, the chief executive officer now directly owns 88,036 shares of the company’s stock, valued at $1,425,302.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 28.22% of the stock is owned by corporate insiders.

Protective Insurance Company Profile

Protective Insurance Corporation, through its subsidiaries, engages in marketing and underwriting property and casualty insurance products. The company offers a range of fleet transportation insurance products, including commercial motor vehicle liability, physical damage, and general liability insurance; workers compensation insurance; medical and indemnity insurance products; non-trucking motor vehicle liability insurance; fidelity and surety bonds; and inland marine products consisting of cargo insurance.

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Dividend History for Protective Insurance (NASDAQ:PTVCA)

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