AMERISAFE, Inc. (NASDAQ:AMSF) Shares Will Pay Quarterly Dividend of $0.41

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, December 4th will be given a dividend of $0.41 per share by the insurance provider on Friday, December 11th. This represents a $1.64 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, December 4th.

AMERISAFE has decreased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. AMERISAFE has a payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AMERISAFE to earn $1.93 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 85.0%.

AMERISAFE Stock Down 0.6%

Shares of AMSF stock opened at $25.30 on Thursday. The firm has a market cap of $469.06 million, a P/E ratio of 10.20 and a beta of 0.24. The business has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $31.14. AMERISAFE has a 12-month low of $23.20 and a 12-month high of $42.10.

AMERISAFE (NASDAQ:AMSF) last released its quarterly earnings data on Wednesday, October 28th. The insurance provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.08). The company had revenue of $76.67 million during the quarter, compared to analysts’ expectations of $84.72 million. AMERISAFE had a return on equity of 14.87% and a net margin of 14.00%. As a group, research analysts expect that AMERISAFE will post 1.95 EPS for the current fiscal year.

About AMERISAFE

AMERISAFE, Inc is a specialty workers’ compensation insurance company serving small and midsized businesses. The company focuses on employers in industries with elevated workplace risks, including construction, trucking, logging, agriculture, manufacturing, and maritime operations.

Through its insurance subsidiaries, AMERISAFE provides workers’ compensation coverage designed to protect businesses from costs associated with workplace injuries and occupational illnesses. Its services also include workplace safety and loss-control support, claims management, medical cost containment, and premium audit services.

Headquartered in DeRidder, Louisiana, AMERISAFE primarily serves employers in the southeastern and south-central United States.