Tiptree Inc. (NASDAQ:TIPT – Get Free Report) announced a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Shareholders 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 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Monday, November 18th.
Tiptree has raised its dividend by an average of 7.7% annually over the last three years.
Tiptree Trading Up 2.9 %
Shares of TIPT stock opened at $22.25 on Friday. Tiptree has a 12-month low of $14.96 and a 12-month high of $22.94. The business’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $18.49. The company has a market cap of $824.59 million, a PE ratio of 22.94 and a beta of 1.30.
Analyst Ratings Changes
Read Our Latest Analysis on Tiptree
About Tiptree
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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