Tiptree Inc (TIPT) to Issue Quarterly Dividend of $0.04

Tiptree Inc (NASDAQ:TIPT) declared a quarterly dividend on Monday, November 5th, NASDAQ reports. Investors 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.

Tiptree stock opened at $5.75 on Friday. Tiptree has a 1-year low of $5.35 and a 1-year high of $7.24.

Tiptree (NASDAQ:TIPT) last released its earnings results on Monday, November 5th. The financial services provider reported ($0.02) earnings per share for the quarter. The business 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 related news, CFO Sandra Bell sold 8,682 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $6.55, for a total value of $56,867.10. Following the completion of the transaction, the chief financial officer now owns 41,881 shares of the company’s stock, valued at $274,320.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.68% of the stock is currently owned by company insiders.

Separately, BidaskClub downgraded shares of Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th.

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Tiptree Company Profile

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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Dividend History for Tiptree (NASDAQ:TIPT)

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