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

Key Points

• Tiptree Financial declared a quarterly dividend of $0.06 per share, with record/ex-dividend date on May 18 and payment on May 26, implying a 1.4% yield; the firm has raised its dividend each of the past two years (≈0.1% average annual increase over three years).
• Tiptree reported quarterly EPS of $0.34 on $0.71M revenue, has a market cap of $656.6M and a P/E of 25.7, and shows strong liquidity (quick/current ratio 6.45) with low leverage (debt/equity 0.08).

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, May 18th will be given a dividend of 0.06 per share by the financial services provider on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, May 18th.

Tiptree Financial has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years.

Tiptree Financial Trading Up 0.6%

Shares of TIPT stock opened at $17.34 on Friday. The company has a market capitalization of $656.60 million, a PE ratio of 25.67 and a beta of 1.00. The company has a quick ratio of 6.45, a current ratio of 6.45 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $16.77 and a two-hundred day moving average price of $17.57. Tiptree Financial has a 12-month low of $15.49 and a 12-month high of $27.41.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.34 earnings per share for the quarter. The business had revenue of $0.71 million during the quarter. Tiptree Financial had a return on equity of 8.79% and a net margin of 2.36%.

About Tiptree Financial

Tiptree Financial, Inc NASDAQ: TIPT is a specialty finance company that provides working capital solutions to small and medium-sized enterprises. Through its wholly owned subsidiary, Tiptree Finance LLC, the company focuses on asset-based lending, accounts receivable financing, and supply chain finance. Tiptree’s model is designed to help businesses manage cash flow, support growth initiatives, and optimize their balance sheets by unlocking liquidity tied up in receivables and inventory.

The company’s core services include invoice factoring and purchase order financing.

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