LONDON, UK / ACCESSWIRE / February 21, 2018 / Active-Investors has a free review on Baldwin & Lyons, Inc. (NASDAQ: BWINB) following the Company's announcement that it will begin trading ex-dividend on February 22, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 21, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on BWINB:
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Dividend Declared
On February 12, 2018, Baldwin & Lyons announced that at its regular quarterly meeting, the Board of Directors of the Company declared a regular quarterly dividend of $0.28 per share on the Company's Class A and Class B Common Stock. The recent dividend is higher by 3.70%, or $0.01 per share, compared to the dividend for the previous quarter. The dividend per share will be payable March 09, 2018, to shareholders of record on February 23, 2018.
Baldwin & Lyons' indicated dividend represents a yield of 4.86% compared to the average dividend yield of 5.10% for the Financial sector. The Company has raised dividend for two consecutive years.
Dividend Insight
Baldwin & Lyons has a dividend payout ratio of 89.6%, which means that the Company spends approximately $0.90 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Baldwin & Lyons is forecasted to report earnings of $1.45 for the next year, which is substantially higher than the Company's annualized dividend of $1.12 per share.
As of December 31, 2017, Baldwin & Lyons had cash and cash equivalents worth $64.68 million compared with $62.98 million as on December 31, 2016. For full year 2017, the Company's book value per share increased $1.02 after the payment of cash dividends to shareholders totaling $1.08 per share. The combination of the year-to-date increase in book value of $1.02, plus dividends paid to shareholders of $1.08, represented an annualized total value creation of 7.8% on beginning book value for FY17. Baldwin & Lyons' balance sheet remains strong and the Company is well positioned over the long-term to sustain its dividend distribution.
Recent Development for Baldwin & Lyons
On February 15, 2018, Baldwin & Lyons announced the appointment of Steven J. Bensinger to its Board of Directors, effective immediately.
Mr. Steven brings over 40 years of experience within the insurance industry in professional and executive level roles. He is currently a Partner & Senior Advisor at TigerRisk Partners, LLC, a leading risk capital and strategic advisor to the global insurance and reinsurance industries. Mr. Steven spent over six years with American International Group, Inc., holding several leadership positions including Senior Vice President, Treasurer and Controller and serving as Executive Vice President and Chief Financial Officer from March 2005 until October 2008.
About Baldwin & Lyons
Founded in 1930, Baldwin & Lyons is a holding company for specialty property-casualty insurance subsidiaries. Through its subsidiaries, the Company provides liability and workers compensation coverage for trucking and public transportation fleets, as well as coverage for trucking industry independent contractors. In addition, the company offers workers' compensation coverage for a variety of classes outside the transportation industry. Baldwin & Lyons is headquartered in Carmel, Indiana.
Stock Performance Snapshot
February 20, 2018 - At Tuesday's closing bell, Baldwin & Lyons' stock fell 1.52%, ending the trading session at $22.70.
Volume traded for the day: 37.30 thousand shares, which was above the 3-month average volume of 15.87 thousand shares.
Stock performance in the previous six-month period - up 3.18%
After yesterday's close, Baldwin & Lyons' market cap was at $343.91 million.
Price to Earnings (P/E) ratio was at 51.47.
The stock has a dividend yield of 4.93%.
The stock is part of the Financial sector, categorized under the Property & Casualty Insurance industry.
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