Crawford & Company Board Increases Quarterly Dividends

Rhea-AI Summary

On July 31, 2020, Crawford & Company announced a quarterly dividend of $0.04 per share for both Class A and Class B Common Stock, marking a $0.01 increase from the previous quarter. The dividend is payable on September 2, 2020, to shareholders of record as of August 18, 2020. The company’s two stock classes are similar except for voting rights and dividend payments, with Class A eligible for higher dividends. This dividend reflects a commitment to returning value to shareholders amidst its role as a leading provider of claims management solutions globally.

Positive

• Quarterly dividend increased by $0.01 to $0.04 per share, highlighting financial stability.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

ATLANTA, Aug. 03, 2020 (GLOBE NEWSWIRE) -- On July 31, 2020, at its regular quarterly meeting, the Board of Directors of Crawford & Company declared a quarterly dividend of $0.04 per share on the Class A Common Stock and $0.04 per share on the Class B Common Stock, payable on September 2, 2020, to shareholders of record as of the close of business on August 18, 2020. This is an increase of $0.01 per share from the previous quarter.  The Company’s two classes of stock are substantially identical, except with respect to voting rights and the Company’s ability to pay greater cash dividends on the non-voting Class A Common Stock than on the voting Class B Common Stock, subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of Class A Common Stock must receive the same type and amount of consideration as holders of Class B Common Stock, unless different consideration is approved by the holders of 75% of the Class A Common Stock, voting as a class.

About Crawford®
Based in Atlanta, Crawford & Company (NYSE: CRD‐A and CRD‐B) is the world’s largest publicly listed independent provider of claims management and outsourcing solutions to insurance companies and self‐insured entities with an expansive global network serving clients in more than 70 countries. The Company’s two classes of stock are substantially identical, except with respect to voting rights and the Company’s ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of CRD-A must receive the same type and amount of consideration as holders of CRD-B, unless different consideration is approved by the holders of 75 percent of CRD-A, voting as a class. More information is available at www.crawco.com.

For further information regarding this press release, please contact mediarelations@us.crawco.com

FAQ

What is the dividend amount for CRD-A?

The dividend amount for CRD-A is $0.04 per share.

When is the dividend for CRD-A payable?

The dividend for CRD-A is payable on September 2, 2020.

When is the record date for the CRD-A dividend?

The record date for the CRD-A dividend is August 18, 2020.

What is the significance of the dividend increase for CRD-A?

The increase signals financial stability and a commitment to shareholder value.