Tiptree Financial Inc. (NASDAQ:TIPT) Shares Set to Pay Quarterly Dividend of $0.06

Tiptree Financial Inc. (NASDAQ:TIPT) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.06 per share by the financial services provider on Monday, November 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, November 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 stock opened at $17.21 on Thursday. The company has a market capitalization of $640.90 million, a price-to-earnings ratio of 1.59 and a beta of 0.95. Tiptree Financial has a one year low of $15.49 and a one year high of $19.33. The company’s fifty day moving average price is $17.48 and its 200-day moving average price is $17.38.

Tiptree Financial (NASDAQ:TIPT) last released its earnings results on Wednesday, October 28th. The financial services provider reported $0.14 earnings per share for the quarter. The firm had revenue of $11.05 million for the quarter.

Tiptree Financial Company Profile

Tiptree Inc (NASDAQ: TIPT) is a diversified holding company focused primarily on insurance and specialty finance. Through its insurance operations, the company provides specialty property and casualty insurance products, warranty and service contract programs, and related risk-management solutions.

Tiptree’s insurance business, operated primarily through Fortegra, serves consumers, businesses, retailers, manufacturers, and other distribution partners. Its offerings include specialty insurance, credit-related protection, motor vehicle products, travel protection, and extended service contracts.