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INDIANAPOLIS, Dec. 10, 2010 (GLOBE NEWSWIRE) -- Baldwin & Lyons, Inc. (Nasdaq:BWINA), (Nasdaq:BWINB) announced that at a meeting on December 10, 2010, the Board of Directors declared an extra cash dividend of $1.00 per share to the holders of the Company's Class A and Class B Common Stock. The extra dividend will be payable December 30, 2010 to shareholders of record on December 20, 2010.
"We are pleased to announce this distribution to shareholders," said Baldwin & Lyons, Inc. Executive Chairman Gary Miller. "This dividend continues the company's policy of providing meaningful cash dividends to shareholders as the company's overall returns and capital management policy allows."
Inclusive of this extra dividend, since January 1, 2004 Baldwin & Lyons, Inc. has returned $11.45 per share in cash to its shareholders.
The subject of dividends will be addressed at each future board meeting with consideration of an appropriate capital management strategy including the company's earnings, returns on investments and its future capital needs in support of its business.
CONTACT: Baldwin & Lyons, Inc.
G. Patrick Corydon