We have talked a lot about developing and maintaining relationships with our customers in this issue. One of the ways we achieve this is through our involvement and dedication to the industry. PLM is an active member in numerous trade associations throughout the country. Our people attend industry events, we support association events through sponsorships and we have several endorsed safety programs with some of these trade associations.
One of these programs is with the North American Wholesale Lumber Association (NAWLA). PLM has provided a safety group dividend program for NAWLA since 2000. PLM customers who are NAWLA members can enroll in this program to earn potential dividends.
We are pleased to announce that the group earned a 2% dividend for their 2018 plan year. The final calculation resulted in a group loss ratio of 46.07%, giving the participating NAWLA members a 2% dividend. All checks were distributed in April.
