Protective Insurance Corporation Announces Quarterly Dividend

Rhea-AI Summary

Protective Insurance Corporation (Nasdaq: PTVCA) has announced a quarterly dividend of $0.10 per share on its Class A and Class B Common Stock. This dividend is payable on June 2, 2020 to shareholders recorded as of May 19, 2020. This move reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly dividend of $0.10 per share declared.
• Demonstrates commitment to shareholder value.

Negative

• None.

News Market Reaction – PTVCA

-2.43%

-2.43% Session move

In the trading session that priced this news, PTVCA declined 2.43%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CARMEL, Ind., May 07, 2020 (GLOBE NEWSWIRE) -- Protective Insurance Corporation (Nasdaq: PTVCA, PTVCB) announces the Board of Directors of Protective Insurance Corporation declared a quarterly dividend of $0.10 per share on the Company’s Class A and Class B Common Stock.  The dividend per share will be payable June 2, 2020 to shareholders of record on May 19, 2020.

Investor Contact: John Barnett
(317) 429-2554   
investors@protectiveinsurance.com

FAQ

What is the dividend amount for Protective Insurance Corporation?

Protective Insurance Corporation has declared a quarterly dividend of $0.10 per share.

When will the dividend be paid?

The dividend will be payable on June 2, 2020.

Who is eligible to receive the dividend?

Shareholders of record as of May 19, 2020, are eligible to receive the dividend.

Is the dividend sustainable?

The sustainability of the dividend depends on the company's future financial performance.