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

Tiptree Financial Inc. (NASDAQ:TIPT) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, May 18th will be paid a dividend of 0.06 per share by the financial services provider on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, May 18th.

Tiptree Financial has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years.

Tiptree Financial Price Performance

Shares of NASDAQ:TIPT opened at $17.34 on Friday. The business has a fifty day moving average price of $16.77 and a 200-day moving average price of $17.57. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.45 and a quick ratio of 6.45. The company has a market capitalization of $656.60 million, a PE ratio of 25.67 and a beta of 1.00. Tiptree Financial has a 1-year low of $15.49 and a 1-year high of $27.41.

Tiptree Financial (NASDAQ:TIPT) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. The company had revenue of $0.71 million for the quarter. Tiptree Financial had a net margin of 2.36% and a return on equity of 8.79%.

Analyst Ratings Changes

TIPT has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Tiptree Financial in a research report on Friday, April 10th. Wall Street Zen cut shares of Tiptree Financial from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tiptree Financial currently has a consensus rating of “Hold”.

Tiptree Financial Company Profile

Tiptree Financial, Inc (NASDAQ: TIPT) is a specialty finance company that provides working capital solutions to small and medium-sized enterprises. Through its wholly owned subsidiary, Tiptree Finance LLC, the company focuses on asset-based lending, accounts receivable financing, and supply chain finance. Tiptree’s model is designed to help businesses manage cash flow, support growth initiatives, and optimize their balance sheets by unlocking liquidity tied up in receivables and inventory.

The company’s core services include invoice factoring and purchase order financing.