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

Protective Insurance Corp (NASDAQ:PTVCA) announced a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Shareholders 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 yield of 2.44%. 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.

Protective Insurance stock opened at $16.40 on Friday. Protective Insurance has a 1-year low of $15.05 and a 1-year high of $23.60. The stock’s fifty day moving average is $16.59 and its two-hundred day moving average is $17.90.

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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