other material
confidence high
sentiment positive
materiality 0.60
Crawford & Company boosts share repurchase authorization by 5M shares and declares quarterly dividend
CRAWFORD & CO
- Board increased share repurchase program by 5M shares; previously authorized 2M with 413,317 remaining.
- Quarterly dividend of $0.06 per share on Class A and Class B common stock declared, payable March 11, 2022.
- CEO Rohit Verma cited solid revenue growth and belief that shares trade below intrinsic value.
- Repurchases may be made in open market or privately, subject to market conditions; no obligation to acquire stock.