Tiptree Financial Inc. (TIPT) To Go Ex-Dividend on August 17th

Tiptree Financial Inc. (NASDAQ:TIPT) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 17th will be paid a dividend of 0.06 per share by the financial services provider on Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th.

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 Stock Down 4.8%

Shares of NASDAQ:TIPT opened at $17.58 on Friday. The stock’s 50-day moving average is $17.78 and its 200 day moving average is $17.30. The company has a market cap of $660.48 million, a PE ratio of 1.63 and a beta of 0.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.26 and a quick ratio of 4.26. Tiptree Financial has a 1 year low of $15.49 and a 1 year high of $27.41.

Tiptree Financial (NASDAQ:TIPT) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $10.30 earnings per share for the quarter. The business had revenue of $3.92 million during the quarter. Tiptree Financial had a return on equity of 0.78% and a net margin of 2.36%.

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.