Crawford & Company Board Declares Dividends

Rhea-AI Summary

Crawford & Company (CRD) declares a quarterly dividend of $0.07 per share on both Class A and Class B Common Stock, payable on March 8, 2024.

Insights

Financial Analyst

The declaration of a quarterly dividend by Crawford & Company signifies a distribution of earnings to shareholders, reflecting the company's financial health and stability. The consistency of dividend payments can indicate a steady cash flow and a commitment to returning value to shareholders. The dividend yield, calculated by dividing the annual dividend per share by the stock's price, is a critical metric for income-focused investors. While the announced dividend of $0.07 per share might seem modest, it's essential to evaluate it in the context of the company's dividend payout ratio, which measures the proportion of earnings paid out as dividends. A sustainable payout ratio typically suggests a reliable dividend policy, whereas a high ratio could signal potential strain on the company's finances.

Market Research Analyst

From a market perspective, dividend announcements often influence investor sentiment and can impact the stock's performance. Investors might view the announcement as a positive signal of confidence from the company's management, potentially leading to an increase in stock demand. However, it's also important to consider broader market conditions and sector performance when assessing the potential impact. For instance, in a bear market or during times of economic uncertainty, dividends can provide a source of steady income, thereby making such stocks more attractive. Conversely, in a bull market, investors might prioritize capital gains over dividend income, which could diminish the immediate impact of the announcement on the stock price.

ATLANTA--(BUSINESS WIRE)-- Crawford & Company® (NYSE: CRD-A and CRD-B) is pleased to announce that on February 8, 2024, at its regular quarterly meeting, the Board of Directors declared a quarterly dividend of $0.07 per share on the Class A Common Stock and $0.07 per share on the Class B Common Stock, payable on March 8, 2024, to shareholders of record as of the close of business on February 26, 2024.

About Crawford®

Based in Atlanta, Crawford & Company (NYSE: CRD-A and CRD-B) is a leading global provider of claims management and outsourcing solutions to insurance companies and self‐insured entities with an expansive network serving clients in more than 70 countries. The Company’s two classes of stock are substantially identical, except with respect to voting rights for the Class B Common Stock (CRD-B) and protections for the non-voting Class A Common Stock (CRD-A). More information is available at www.crawco.com.

Tag: Crawford-Investor-News-and-Events, Crawford-Financial

View source version on businesswire.com: https://www.businesswire.com/news/home/20240209210183/en/

Media Contacts: mediarelations@us.crawco.com

Lynn Cufley

+44 7585 901936

Lynn.Cufley@crawco.uk

Katie Cline

+1 470 792 5678

katie.cline@us.crawco.com

Source: Crawford & Company

FAQ

What is the dividend amount declared by Crawford & Company for Class A Common Stock?

Crawford & Company declared a quarterly dividend of $0.07 per share for Class A Common Stock.

When will the dividend be payable for Class B Common Stock shareholders?

The dividend of $0.07 per share for Class B Common Stock shareholders will be payable on March 8, 2024.

What is the record date for shareholders to receive the dividend?

Shareholders of record as of the close of business on February 26, 2024, will receive the declared dividend.