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

Key Points

• Tiptree Financial Inc. has declared a quarterly dividend of $0.06 per share, with payment scheduled for August 25th to shareholders of record as of August 18th.
• The company's recent earnings report indicates an EPS of $0.52 for the quarter and revenues totaling $528.75 million.
• Tiptree Financial's stock is currently trading at $20.78, reflecting a 0.9% decline, with a market cap of $779.25 million.

Tiptree Financial Inc. (NASDAQ:TIPT - Get Free Report) declared a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Shareholders of record on Monday, August 18th will be given a dividend of 0.06 per share by the financial services provider on Monday, August 25th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 18th.

Tiptree Financial Trading Down 0.9%

NASDAQ:TIPT traded down $0.19 during trading hours on Thursday, reaching $20.78. 125,716 shares of the company were exchanged, compared to its average volume of 153,604. Tiptree Financial has a twelve month low of $17.07 and a twelve month high of $26.90. The firm has a market cap of $779.25 million, a PE ratio of 17.32 and a beta of 1.14. The stock's 50-day moving average is $22.39 and its 200-day moving average is $21.89.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. Tiptree Financial had a net margin of 2.45% and a return on equity of 13.87%. The business had revenue of $528.75 million during the quarter.

Tiptree Financial 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.

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