LONDON, UK / ACCESSWIRE / May 18, 2018 / Active-Investors has a free review on Baldwin & Lyons, Inc. (NASDAQ: BWINB) (NASDAQ: BWINA) following the Company's announcement that it will begin trading ex-dividend on May 21, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on May 18, 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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On May 08, 2018, Baldwin & Lyons announced that at its regular quarterly meeting, its Board of Directors declared a regular quarterly dividend of $0.28 per share on the Company's Class A and Class B Common Stock. The dividend per share will be payable June 05, 2018, to shareholders of record on May 22, 2018.
Baldwin & Lyons' indicated dividend represents a yield of 4.83%, which is substantially higher than the average dividend yield of 3.18% for the Financial sector. The Company has raised dividend for two consecutive years.
Baldwin & Lyons has a dividend payout ratio of 89.6%, which denotes 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 $1.15 per share for the next year, which is slightly higher than the Company's annualized dividend of $1.12 per share.
As of March 31, 2018, Baldwin & Lyons' cash and cash equivalents totaled $79.21 million compared to $64.68 million as on December 31, 2017. For the three months ended March 31, 2018, the Company's net cash provided by operating activities totaled $11.18 million compared to net cash use of $3.60 million in the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Baldwin & Lyons
On May 14, 2018, Baldwin & Lyons announced the appointment of David W. Michelson to its Board of Directors, effective immediately. Mr. Michelson will be a member of the Company's Audit Committee.
Mr. David is a 26-year veteran of National Interstate Corporation, where he was most recently a senior advisor for the company from May 2016 through May 2018. He served as President and Chief Executive Officer of National Interstate from 2008 until 2016 and was also a Director of the Company from 2009 until 2016. Prior to his time at National Interstate, David worked at Liberty National Fire Insurance Company, Reliance Insurance Company, and Progressive Corporation.
About Baldwin & Lyons, Inc.
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 operations outside the transportation industry. Baldwin & Lyons is headquartered in Carmel, Indiana.
Stock Performance Snapshot
May 17, 2018 - At Thursday's closing bell, Baldwin & Lyons' stock slightly rose 0.86%, ending the trading session at $23.45.
Volume traded for the day: 16.07 thousand shares.
Stock performance in the last month – up 0.21%; previous three-month period – up 0.86%; and past six-month period – up 2.18%
After yesterday's close, Baldwin & Lyons' market cap was at $344.25 million.
Price to Earnings (P/E) ratio was at 156.33.
The stock has a dividend yield of 4.78%.
The stock is part of the Financial sector, categorized under the Property & Casualty Insurance industry.
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