Tiptree Inc. (NASDAQ:TIPT - Get Free Report) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.06 per share by the financial services provider on Monday, March 17th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, March 10th.
Tiptree has increased its dividend by an average of 14.5% per year over the last three years.
Tiptree Price Performance
Shares of NASDAQ TIPT traded up $0.27 during trading on Monday, reaching $22.90. 146,115 shares of the stock traded hands, compared to its average volume of 100,138. Tiptree has a 52-week low of $15.52 and a 52-week high of $24.09. The company has a 50-day moving average of $20.30 and a 200-day moving average of $20.35. The stock has a market capitalization of $848.58 million, a P/E ratio of 23.61 and a beta of 1.30.
Tiptree (NASDAQ:TIPT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. Tiptree had a return on equity of 11.50% and a net margin of 2.05%. The firm had revenue of $503.60 million for the quarter.
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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