Tiptree Financial Inc. (NASDAQ:TIPT – Get Free Report) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.06 per share by the financial services provider on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, March 16th.
Tiptree Financial has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years.
Tiptree Financial Price Performance
Shares of TIPT traded up $0.19 during midday trading on Friday, reaching $16.25. The stock had a trading volume of 410,792 shares, compared to its average volume of 255,440. The company has a market cap of $614.58 million, a price-to-earnings ratio of 24.25 and a beta of 1.23. The company’s fifty day simple moving average is $17.30 and its two-hundred day simple moving average is $18.76. Tiptree Financial has a 1-year low of $15.85 and a 1-year high of $27.41.
Tiptree Financial Company Profile
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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