Protective Insurance Corp (NASDAQ:PTVCA) Plans Quarterly Dividend of $0.10

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

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

Shares of Protective Insurance stock opened at $15.50 on Monday. The firm has a market capitalization of $222.12 million, a P/E ratio of -10.99 and a beta of 0.64. The business has a fifty day simple moving average of $15.39 and a two-hundred day simple moving average of $15.48. Protective Insurance has a 12 month low of $14.01 and a 12 month high of $22.75.

In related news, CEO Jeremy Davi Edgecliffe-Johnson purchased 3,085 shares of Protective Insurance stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of $16.19 per share, for a total transaction of $49,946.15. Following the completion of the acquisition, the chief executive officer now directly owns 88,036 shares of the company’s stock, valued at $1,425,302.84. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 28.22% of the stock is owned by company insiders.

About Protective Insurance

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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