Tiptree Inc (NASDAQ:TIPT) announced a quarterly dividend on Monday, August 5th, NASDAQ reports. Investors of record on Monday, August 19th will be given a dividend of 0.04 per share by the financial services provider on Monday, August 26th. This represents a $0.16 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, August 16th.
Tiptree has raised its dividend by an average of 10.5% per year over the last three years and has raised its dividend every year for the last 2 years.
Shares of Tiptree stock traded up $0.22 on Wednesday, hitting $6.72. The company’s stock had a trading volume of 292 shares, compared to its average volume of 17,926. Tiptree has a 52-week low of $5.01 and a 52-week high of $6.99. The business has a fifty day moving average of $6.40.
In other news, Chairman Michael Gene Barnes bought 11,944 shares of Tiptree stock in a transaction on Monday, June 17th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $77,636.00. Following the acquisition, the chairman now owns 7,949,122 shares in the company, valued at $51,669,293. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders acquired 154,219 shares of company stock worth $953,601. 25.56% of the stock is owned by insiders.
Separately, ValuEngine upgraded shares of Tiptree from a “hold” rating to a “buy” rating in a report on Tuesday.
Tiptree Company Profile
Tiptree Inc, through its subsidiaries, underwrites and administers specialty insurance products primarily in the United States. The company provides credit protection insurance, warranty and service contract products, and niche commercial and consumer insurance programs, as well as offers value-add services, including premium finance and business processing services.
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