Tiptree Financial Inc. (NASDAQ:TIPT) Announces $0.06 Quarterly Dividend

Tiptree Financial Inc. (NASDAQ:TIPT) announced a quarterly dividend on Thursday, April 30th. Investors of record on Monday, May 18th will be paid a dividend of 0.06 per share by the financial services provider on Tuesday, May 26th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, May 18th.

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

Tiptree Financial Stock Down 0.3%

Tiptree Financial stock traded down $0.06 during midday trading on Friday, hitting $17.19. The stock had a trading volume of 5,089 shares, compared to its average volume of 235,468. The company has a current ratio of 6.45, a quick ratio of 6.45 and a debt-to-equity ratio of 0.08. The stock has a market cap of $650.92 million, a P/E ratio of 25.65 and a beta of 1.00. Tiptree Financial has a 12 month low of $15.49 and a 12 month high of $27.41. The business has a fifty day moving average price of $16.77 and a 200 day moving average price of $17.57.

Tiptree Financial (NASDAQ:TIPT) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.34 earnings per share for the quarter. The firm had revenue of $0.71 million during the quarter. Tiptree Financial had a return on equity of 8.79% and a net margin of 2.36%.

Analysts Set New Price Targets

A number of brokerages have commented on TIPT. Wall Street Zen downgraded Tiptree Financial from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “hold (c)” rating on shares of Tiptree Financial in a research note on Friday, April 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.