Protective Insurance Corp (NASDAQ:PTVCB) to Issue $0.10 Quarterly Dividend

Protective Insurance Corp (NASDAQ:PTVCB) declared a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Investors of record on Tuesday, August 20th will be given a dividend of 0.10 per share on Tuesday, September 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, August 19th.

Protective Insurance has a payout ratio of 61.5% indicating that its dividend is sufficiently covered by earnings.

NASDAQ:PTVCB opened at $16.48 on Friday. Protective Insurance has a 52-week low of $15.75 and a 52-week high of $24.10. The stock has a 50-day simple moving average of $16.88 and a 200 day simple moving average of $18.07.

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.

Further Reading: Operating Income

Dividend History for Protective Insurance (NASDAQ:PTVCB)

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