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

Protective Insurance Corp (NASDAQ:PTVCA) announced a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Shareholders of record on Tuesday, August 20th will be paid 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 2.42%. The ex-dividend date is Monday, August 19th.

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

Shares of NASDAQ PTVCA opened at $16.56 on Friday. Protective Insurance has a one year low of $15.05 and a one year high of $23.60. The business has a 50-day moving average price of $16.57 and a two-hundred day moving average price of $17.89.

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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