AMERISAFE, Inc. (NASDAQ:AMSF - Get Free Report) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Friday, March 7th will be given a dividend of 0.39 per share by the insurance provider on Friday, March 21st. This represents a $1.56 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, March 7th.
AMERISAFE has increased its dividend by an average of 8.5% annually over the last three years and has raised its dividend every year for the last 11 years. AMERISAFE has a payout ratio of 68.8% meaning its dividend is sufficiently covered by earnings. Analysts expect AMERISAFE to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 67.9%.
AMERISAFE Stock Performance
NASDAQ AMSF traded up $0.66 during trading hours on Friday, reaching $51.46. 105,784 shares of the company's stock were exchanged, compared to its average volume of 112,794. The company's 50-day moving average is $50.55 and its two-hundred day moving average is $51.73. AMERISAFE has a one year low of $41.97 and a one year high of $60.24. The company has a market capitalization of $980.31 million, a price-to-earnings ratio of 16.08 and a beta of 0.35.
AMERISAFE (NASDAQ:AMSF - Get Free Report) last posted its earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. The business had revenue of $73.51 million during the quarter, compared to analysts' expectations of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. Research analysts predict that AMERISAFE will post 2.45 earnings per share for the current fiscal year.
About AMERISAFE
(
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AMERISAFE, Inc, an insurance holding company, underwrites workers' compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.
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