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

Tiptree Financial Inc. (NASDAQ:TIPT) declared 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 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 Trading Up 4.7%

Shares of TIPT opened at $17.21 on Thursday. The firm’s 50 day moving average is $17.48 and its 200-day moving average is $17.38. The stock has a market capitalization of $640.90 million, a PE ratio of 1.59 and a beta of 0.95. Tiptree Financial has a 12 month low of $15.49 and a 12 month high of $19.33.

Tiptree Financial (NASDAQ:TIPT) last released its quarterly 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.

About Tiptree Financial

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.