Kingstone Companies, Inc (KINS) to Issue Quarterly Dividend of $0.06 on August 26th

Kingstone Companies, Inc (NASDAQ:KINS) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, August 11th will be paid a dividend of 0.06 per share by the insurance provider on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 11th. This is a 20.0% increase from Kingstone Companies’s previous quarterly dividend of $0.05.

Kingstone Companies has decreased its dividend payment by an average of 0.1%annually over the last three years. Kingstone Companies has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kingstone Companies to earn $3.00 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.0%.

Kingstone Companies Stock Down 8.5%

Shares of NASDAQ:KINS opened at $19.03 on Friday. Kingstone Companies has a 1 year low of $13.08 and a 1 year high of $20.90. The business has a 50 day simple moving average of $18.41 and a two-hundred day simple moving average of $16.67. The firm has a market capitalization of $275.65 million, a PE ratio of 7.86 and a beta of 0.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.35 and a quick ratio of 0.35.

Kingstone Companies (NASDAQ:KINS) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.09. Kingstone Companies had a return on equity of 31.73% and a net margin of 14.85%.The firm had revenue of $65.85 million for the quarter, compared to the consensus estimate of $71.70 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. On average, equities analysts predict that Kingstone Companies will post 2.6 EPS for the current year.

Kingstone Companies declared that its board has initiated a share buyback plan on Tuesday, May 19th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the insurance provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Kingstone Companies Company Profile

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.