Tiptree Inc (NASDAQ:TIPT) Announces $0.04 Quarterly Dividend

Tiptree Inc (NASDAQ:TIPT) announced a quarterly dividend on Monday, November 5th, NASDAQ reports. Stockholders of record on Monday, November 19th will be paid a dividend of 0.035 per share by the financial services provider on Monday, November 26th. This represents a $0.14 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, November 16th.

TIPT traded up $0.14 during trading on Monday, reaching $5.62. 21,641 shares of the company’s stock were exchanged, compared to its average volume of 47,632. Tiptree has a fifty-two week low of $5.35 and a fifty-two week high of $7.10.

Tiptree (NASDAQ:TIPT) last issued its earnings results on Monday, November 5th. The financial services provider reported ($0.02) EPS for the quarter. Tiptree had a net margin of 5.41% and a negative return on equity of 3.93%. The firm had revenue of $172.67 million during the quarter.

In other news, CFO Sandra Bell sold 8,682 shares of the business’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 sale, the chief financial officer now owns 41,881 shares in the company, valued at approximately $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 insiders.

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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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