Tiptree Inc. (NASDAQ:TIPT) Declares Quarterly Dividend of $0.06

by · The Cerbat Gem

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 paid a dividend of 0.06 per share by the financial services provider on Monday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, November 18th.

Tiptree has raised its dividend payment by an average of 7.7% per year over the last three years.

Tiptree Stock Up 1.1 %

TIPT traded up $0.22 during trading on Friday, reaching $20.63. The company’s stock had a trading volume of 8,247 shares, compared to its average volume of 90,167. The firm has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $18.04. The company has a market cap of $758.98 million, a price-to-earnings ratio of 21.21 and a beta of 1.30. Tiptree has a 1 year low of $14.96 and a 1 year high of $21.50.

Tiptree (NASDAQ:TIPT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.53 EPS for the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.78%. The company had revenue of $546.67 million during the quarter.

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 Analysis on Tiptree

About Tiptree

(Get Free Report)

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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