Tiptree Inc. (NASDAQ:TIPT - Get Free Report) announced a quarterly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Monday, May 20th will be given a dividend of 0.06 per share by the financial services provider on Tuesday, May 28th. This represents a $0.24 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, May 17th.
Tiptree has increased its dividend by an average of 7.7% per year over the last three years and has raised its dividend every year for the last 2 years.
Tiptree Price Performance
NASDAQ TIPT traded up $0.18 during trading hours on Friday, reaching $16.65. 81,714 shares of the stock traded hands, compared to its average volume of 114,171. The stock has a 50 day simple moving average of $16.73 and a two-hundred day simple moving average of $17.56. Tiptree has a 1 year low of $12.12 and a 1 year high of $20.80. The company has a market cap of $612.05 million, a price-to-earnings ratio of 29.21 and a beta of 1.23.
Tiptree (NASDAQ:TIPT - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.44 EPS for the quarter. The firm had revenue of $498.22 million for the quarter. Tiptree had a return on equity of 12.73% and a net margin of 1.36%.
Insider Buying and Selling
In other Tiptree news, CEO Jonathan Ilany bought 2,900 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost of $16.95 per share, with a total value of $49,155.00. Following the completion of the purchase, the chief executive officer now directly owns 190,471 shares of the company's stock, valued at $3,228,483.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 31.78% of the stock is owned by insiders.
Tiptree Company Profile
(
Get Free Report)
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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