ATLANTA, Nov. 9, 2012 /PRNewswire/ -- On November 9, 2012, the Board of Directors of
Crawford & Company (NYSE: CRDA; CRDB) declared a special
dividend of $0.06 per share on the
Class A Common Stock and $0.06 per
share on the Class B Common Stock, payable on November 29, 2012, to shareholders of record as
of the close of business on November 20,
2012. The special dividend is in addition to the
regular quarterly dividend declared on October 30, 2012 with the same record and payment
dates.
"Crawford recently reported
record third quarter 2012 results, and has raised its guidance for
2012," said Mr. Jeffrey T. Bowman,
chief executive officer of Crawford & Company. Said Mr.
Bowman, "The strong performance of our EMEA/AP and Legal Settlement
Administration segments, coupled with anticipated increased claim
volume from Superstorm Sandy should result in continued improvement
in our financial position. The decision by our Board of
Directors to declare the special dividend reflects our commitment
to reward our shareholders for their support."
The Company's two classes of stock are substantially identical,
except with respect to voting rights and the Company's ability to
pay greater cash dividends on the Class A Common Stock than on the
Class B Common Stock, subject to certain limitations. In
addition, with respect to mergers or similar transactions, holders
of Class A Common Stock must receive the same type and amount of
consideration as holders of Class B Common Stock, unless approved
by the holders of 75% of the Class A Common Stock, voting as a
class.
About Crawford
Based
in Atlanta, Ga., Crawford &
Company (www.crawfordandcompany.com) is the world's largest
independent provider of claims management solutions to the risk
management and insurance industry as well as self-insured entities,
with an expansive global network serving clients in more than 70
countries. The Crawford System of Claims SolutionsSM
offers comprehensive, integrated claims services, business process
outsourcing and consulting services for major product lines
including property and casualty claims management, workers
compensation claims and medical management, and legal settlement
administration. The Company's shares are traded on the NYSE under
the symbols CRDA and CRDB.
SOURCE Crawford & Company