AMERISAFE, Inc. (NASDAQ:AMSF) Shares Set to Pay Quarterly Dividend of $0.41

Key Points

• AMERISAFE declared a quarterly dividend of $0.41 per share, payable December 11 to shareholders of record as of December 4. The dividend equates to $1.64 annually and a 6.5% yield.
• The company has raised its dividend for 12 consecutive years, with a current earnings payout ratio of 74.5%. Analysts expect the dividend to remain covered, although the projected future payout ratio is higher at 85.0%.
• AMERISAFE’s latest quarterly results fell short of expectations, reporting $0.40 in earnings per share versus a $0.48 consensus estimate and revenue of $76.67 million versus $84.72 million expected.

AMERISAFE, Inc. (NASDAQ:AMSF - Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, December 4th will be given a dividend of $0.41 per share by the insurance provider on Friday, December 11th. This represents a $1.64 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Friday, December 4th.

AMERISAFE has decreased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 12 consecutive years. AMERISAFE has a dividend payout ratio of 74.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AMERISAFE to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 85.0%.

AMERISAFE Trading Down 0.6%

Shares of AMSF opened at $25.30 on Thursday. The company's fifty day simple moving average is $25.06 and its 200 day simple moving average is $31.14. AMERISAFE has a 1-year low of $23.20 and a 1-year high of $42.10. The company has a market cap of $469.06 million, a price-to-earnings ratio of 10.20 and a beta of 0.24.

AMERISAFE (NASDAQ:AMSF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The insurance provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.08). AMERISAFE had a net margin of 14.00% and a return on equity of 14.87%. The company had revenue of $76.67 million during the quarter, compared to analyst estimates of $84.72 million. As a group, research analysts forecast that AMERISAFE will post 1.95 earnings per share for the current year.

About AMERISAFE

AMERISAFE, Inc is a specialty workers' compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers' compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.

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