Crawford & Company (NYSE:CRD.B) Raises Dividend to $0.08 Per Share

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) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, August 15th. This is a 7.1% increase from Crawford & Company's previous quarterly dividend of $0.07.

Crawford & Company Trading Up 3.5%

CRD.B stock traded up $0.31 during trading on Friday, hitting $9.14. The company had a trading volume of 491 shares, compared to its average volume of 5,631. The business has a 50-day moving average of $10.09 and a 200-day moving average of $10.65. Crawford & Company has a one year low of $8.59 and a one year high of $12.50. The stock has a market cap of $451.81 million, a PE ratio of 15.49 and a beta of 0.79. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 1.16.

Crawford & Company (NYSE:CRD.B - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). The firm had revenue of $323.00 million for the quarter, compared to analyst estimates of $330.99 million. Crawford & Company had a return on equity of 25.91% and a net margin of 2.18%. Research analysts predict that Crawford & Company will post 0.83 earnings per share for the current fiscal 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.