Tiptree Inc. (NASDAQ:TIPT - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.06 per share by the financial services provider on Monday, November 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, November 18th.
Tiptree has increased its dividend payment by an average of 7.7% annually over the last three years.
Tiptree Trading Down 1.1 %
Shares of NASDAQ:TIPT traded down $0.22 on Friday, hitting $20.19. 98,896 shares of the company were exchanged, compared to its average volume of 90,438. The firm has a market capitalization of $742.79 million, a P/E ratio of 20.93 and a beta of 1.30. Tiptree has a 1-year low of $14.96 and a 1-year high of $21.50. The stock's 50 day moving average price is $19.61 and its 200 day moving average price is $18.06.
Tiptree (NASDAQ:TIPT - Get Free Report) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter. The firm had revenue of $546.67 million during the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.78%.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Tiptree from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, September 25th.
Check Out Our Latest Research Report on TIPT
Tiptree Company Profile
(
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Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.
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