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

Tiptree Inc. (NASDAQ:TIPT) declared a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.06 per share by the financial services provider on Monday, November 25th. This represents a $0.24 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Monday, November 18th.

Tiptree has increased its dividend payment by an average of 7.7% annually over the last three years.

Tiptree Stock Performance

Shares of NASDAQ TIPT opened at $22.25 on Friday. The company has a market cap of $824.59 million, a PE ratio of 22.94 and a beta of 1.30. The firm’s 50 day moving average price is $20.07 and its 200-day moving average price is $18.48. Tiptree has a 52-week low of $14.96 and a 52-week high of $22.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

Tiptree Company Profile

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.