Tiptree Inc. (NASDAQ:TIPT – Get Free Report) declared a special dividend on Friday, November 22nd,RTT News reports. Shareholders of record on Wednesday, December 11th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, December 19th. The ex-dividend date is Wednesday, December 11th.
Tiptree has increased its dividend by an average of 7.7% per year over the last three years.
Tiptree Trading Down 0.9 %
TIPT opened at $21.96 on Monday. Tiptree has a 1-year low of $14.96 and a 1-year high of $24.09. The company has a market cap of $813.84 million, a price-to-earnings ratio of 22.64 and a beta of 1.31. The company’s fifty day moving average price is $20.90 and its two-hundred day moving average price is $19.06.
Analysts Set New Price Targets
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Tiptree Company Profile
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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