Kingstone Companies, Inc (NASDAQ:KINS) Shares Set to Pay Quarterly Dividend of $0.06

Key Points

• Kingstone Companies declared a quarterly dividend of $0.06 per share, payable November 25 to shareholders of record on November 11. The annualized dividend is $0.24, yielding approximately 1.2%.
• The dividend appears well covered, with a payout ratio of 9.8%; analysts expect next year’s earnings to support an estimated future payout ratio of 8.3%.
• KINS shares fell 0.7% to $20.04, while the company’s latest quarterly earnings of $1.04 per share exceeded analyst estimates of $0.95, despite revenue coming in below forecasts.

Kingstone Companies, Inc (NASDAQ:KINS - Get Free Report) declared a quarterly dividend on Friday, October 23rd. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.06 per share by the insurance provider on Wednesday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 11th.

Kingstone Companies has decreased its dividend payment by an average of 0.1% per year over the last three years. Kingstone Companies has a dividend payout ratio of 9.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kingstone Companies to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.3%.

Kingstone Companies Stock Down 0.7%

Shares of KINS stock traded down $0.15 on Friday, hitting $20.04. The stock had a trading volume of 58,487 shares, compared to its average volume of 118,966. The firm has a market capitalization of $290.18 million, a price-to-earnings ratio of 8.28 and a beta of 0.41. The stock's 50 day moving average is $19.23 and its 200-day moving average is $18.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.34 and a current ratio of 0.34. Kingstone Companies has a 52-week low of $13.83 and a 52-week high of $20.90.

Kingstone Companies (NASDAQ:KINS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.09. The business had revenue of $65.85 million during the quarter, compared to analyst estimates of $71.70 million. Kingstone Companies had a net margin of 14.85% and a return on equity of 30.78%. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. As a group, research analysts expect that Kingstone Companies will post 2.65 earnings per share for the current year.

About Kingstone Companies

Kingstone Companies, Inc is an insurance holding company that operates primarily through its subsidiary, Kingstone Insurance Company. The company focuses on property and casualty insurance for individuals and families, with an emphasis on personal lines coverage.

Its products have included homeowners, condominium, cooperative, renters, dwelling fire and personal umbrella insurance. These policies are designed to protect residential properties and personal assets against risks such as property damage, liability claims and other covered losses.

Kingstone serves customers through independent insurance agents and has historically concentrated its business in the Northeastern United States, particularly New York and other selected states in the region.

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