National Security Group Inc (NSEC) to Issue Quarterly Dividend of $0.05 on August 30th

National Security Group Inc (NASDAQ:NSEC) declared a quarterly dividend on Friday, July 26th, NASDAQ reports. Shareholders of record on Monday, August 12th will be paid a dividend of 0.05 per share by the insurance provider on Friday, August 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, August 9th.

National Security Group has raised its dividend payment by an average of 7.7% per year over the last three years.

National Security Group stock traded up $0.37 during trading hours on Wednesday, reaching $11.42. 466 shares of the stock were exchanged, compared to its average volume of 336. The stock has a market capitalization of $29.06 million, a PE ratio of 10.55 and a beta of -0.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.27. National Security Group has a 52-week low of $10.63 and a 52-week high of $17.47. The company’s 50 day moving average price is $11.72.

National Security Group (NASDAQ:NSEC) last issued its quarterly earnings data on Tuesday, May 14th. The insurance provider reported $0.97 EPS for the quarter. The firm had revenue of $17.95 million for the quarter. National Security Group had a net margin of 4.11% and a return on equity of 5.82%.

In other National Security Group news, major shareholder Andrew J. Abernathey acquired 5,505 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $12.59 per share, with a total value of $69,307.95. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders purchased 5,647 shares of company stock worth $71,010. 38.18% of the stock is owned by corporate insiders.

About National Security Group

The National Security Group, Inc, an insurance holding company, provides insurance products and services in the United States. The company operates in two segments, Property and Casualty Insurance, and Life Insurance. The Property and Casualty Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance services in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

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Dividend History for National Security Group (NASDAQ:NSEC)

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