AMERISAFE, Inc. Declares Quarterly Dividend of $0.41 (NASDAQ:AMSF)

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Friday, June 12th will be given a dividend of 0.41 per share by the insurance provider on Friday, June 19th. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, June 12th.

AMERISAFE has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. AMERISAFE has a dividend payout ratio of 74.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AMERISAFE to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 78.8%.

AMERISAFE Stock Down 9.6%

AMERISAFE stock traded down $3.19 during mid-day trading on Wednesday, reaching $29.96. 382,370 shares of the company’s stock were exchanged, compared to its average volume of 189,164. The business’s fifty day simple moving average is $34.32 and its 200 day simple moving average is $37.65. The firm has a market capitalization of $563.25 million, a PE ratio of 12.13 and a beta of 0.31. AMERISAFE has a one year low of $29.45 and a one year high of $50.07.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). AMERISAFE had a net margin of 14.86% and a return on equity of 15.89%. The business had revenue of $80.09 million during the quarter, compared to the consensus estimate of $90.49 million. On average, sell-side analysts forecast that AMERISAFE will post 2.13 earnings per share for the current year.

About AMERISAFE

Amerisafe, Inc (NASDAQ: AMSF) is a specialty provider of workers’ compensation insurance products and services in the United States. The company focuses on underwriting and managing workers’ compensation policies for small to mid-sized public and private businesses, particularly in higher-hazard industries such as retail, manufacturing, distribution and wholesale. Through its network of independent agents, Amerisafe delivers tailored coverage solutions that combine robust risk management support with loss prevention programs designed to enhance workplace safety.

In addition to core insurance offerings, Amerisafe provides extensive risk control resources, including safety training, on-site consultations and claims management services.