Tiptree Inc Declares Quarterly Dividend of $0.04 (TIPT)
Tiptree Inc (NASDAQ:TIPT) announced a quarterly dividend on Monday, November 5th, NASDAQ reports. Shareholders of record on Monday, November 19th will be given a dividend of 0.035 per share by the financial services provider on Monday, November 26th. This represents a $0.14 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, November 16th.
Shares of TIPT stock opened at $5.75 on Friday. Tiptree has a fifty-two week low of $5.35 and a fifty-two week high of $7.24.
Tiptree (NASDAQ:TIPT) last announced its quarterly earnings data on Monday, November 5th. The financial services provider reported ($0.02) earnings per share for the quarter. The firm had revenue of $172.67 million during the quarter. Tiptree had a net margin of 5.41% and a negative return on equity of 3.93%.
In other news, CFO Sandra Bell sold 8,682 shares of the stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $6.55, for a total value of $56,867.10. Following the transaction, the chief financial officer now directly owns 41,881 shares of the company’s stock, valued at $274,320.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.68% of the stock is currently owned by corporate insiders.
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Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. It operates through three segments: Specialty Insurance, Asset Management, and Mortgage. The company provides credit protection insurance, warranty and service contract products, and insurance programs that underwrite niche personal and commercial lines of insurance, as well as offers value-add services, including premium finance and business processing services.
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