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

Tiptree Inc. (NASDAQ:TIPT) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders 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 yield of 1.04%. The ex-dividend date of this dividend is Monday, March 10th.

Tiptree has increased its dividend payment by an average of 14.5% annually over the last three years.

Tiptree Price Performance

Shares of TIPT stock opened at $22.99 on Friday. The firm has a market cap of $851.92 million, a P/E ratio of 23.70 and a beta of 1.30. Tiptree has a 1-year low of $15.52 and a 1-year high of $24.09. The firm’s 50-day simple moving average is $20.25 and its 200-day simple moving average is $20.29.

Tiptree (NASDAQ:TIPT) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.67 EPS for the quarter. The firm had revenue of $503.60 million during the quarter. Tiptree had a net margin of 2.05% and a return on equity of 11.50%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

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.