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

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 Tuesday, July 29th, Wall Street Journal reports. Investors 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) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 18th.

Tiptree Financial Stock Up 0.3%

TIPT traded up $0.07 during trading on Monday, hitting $20.33. 5,080 shares of the company traded hands, compared to its average volume of 152,500. The firm has a market cap of $762.19 million, a P/E ratio of 16.14 and a beta of 1.23. The stock's fifty day moving average is $22.33 and its 200 day moving average is $21.92. Tiptree Financial has a one year low of $17.07 and a one year high of $26.90.

Tiptree Financial (NASDAQ:TIPT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The financial services provider reported $0.52 earnings per share for the quarter. Tiptree Financial had a net margin of 2.77% and a return on equity of 13.90%. The firm 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.