Crawford & Company (NYSE:CRD.B) Announces Quarterly Dividend of $0.08

Key Points

• Crawford & Company announced a quarterly dividend of $0.08, a 7.1% increase from the previous dividend of $0.07, reflecting a 3.2% dividend yield.
• The company reported earnings of $0.21 per share for the last quarter, exceeding analysts' expectations of $0.20, although revenue fell short at $312.03 million against a forecast of $321.90 million.
• Crawford & Company has a market capitalization of $463.10 million and a current stock price of $9.37, with performance metrics indicating stability and a low beta of 0.79.

Crawford & Company (NYSE:CRD.B - Get Free Report) announced a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 15th will be paid a dividend of 0.075 per share by the business services provider on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 15th. This is a 7.1% increase from Crawford & Company's previous quarterly dividend of $0.07.

Crawford & Company Price Performance

Shares of Crawford & Company stock traded up $0.05 during midday trading on Monday, reaching $9.37. The company had a trading volume of 1,331 shares, compared to its average volume of 5,650. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $463.10 million, a price-to-earnings ratio of 15.61 and a beta of 0.79. The stock has a fifty day simple moving average of $10.15 and a 200 day simple moving average of $10.71. Crawford & Company has a 1-year low of $8.29 and a 1-year high of $12.50.

Crawford & Company (NYSE:CRD.B - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The business services provider reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. Crawford & Company had a net margin of 2.25% and a return on equity of 27.77%. The business had revenue of $312.03 million during the quarter, compared to analyst estimates of $321.90 million. As a group, equities research analysts forecast that Crawford & Company will post 0.83 earnings per share for the current year.

About Crawford & Company

Crawford & Co engages in the provision of claims management and outsourcing solutions to carriers, brokers, and corporates. It operates through the following segments: Crawford Loss Adjusting, Crawford TPA Solutions, and Crawford Platform Solutions. The Crawford Loss Adjusting segment consists of adjusting services provided to insurance companies and self-insured entities related to property and casualty losses caused by physical damage to commercial and residential real property and certain types of personal property.

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