Tiptree Financial Inc. (NASDAQ:TIPT) Shareholders to Collect $0.06 Quarterly Dividend

Tiptree Financial Inc. (NASDAQ:TIPT) declared a quarterly dividend on Wednesday, October 28th. Shareholders 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 yield of 1.4%. The ex-dividend date is Monday, November 16th.

Tiptree Financial has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Tiptree Financial Stock Performance

TIPT opened at $17.21 on Thursday. The stock has a market capitalization of $640.90 million, a P/E ratio of 1.59 and a beta of 0.95. The company’s 50-day simple moving average is $17.48 and its two-hundred day simple moving average is $17.38. Tiptree Financial has a 52-week low of $15.49 and a 52-week high of $19.33.

Tiptree Financial (NASDAQ:TIPT) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.14 EPS for the quarter. The company had revenue of $11.05 million during 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.