Tiptree Inc (tipt) Announces Dividend Increase – $0.03 Per Share
Tiptree Inc (NASDAQ:tipt) announced a quarterly dividend on Tuesday, March 14th. Stockholders of record on Monday, March 27th will be paid a dividend of 0.03 per share on Monday, April 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, March 23rd. This is a boost from Tiptree’s previous quarterly dividend of $0.03.
Shares of Tiptree (NASDAQ:TIPT) opened at 6.55 on Friday. The firm has a market capitalization of $186.50 million, a price-to-earnings ratio of 8.39 and a beta of -0.23. The stock has a 50 day moving average price of $6.51 and a 200-day moving average price of $6.24. Tiptree has a 52 week low of $4.74 and a 52 week high of $7.15.
In related news, insider Michael Gene Barnes acquired 5,000 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was bought at an average cost of $6.45 per share, with a total value of $32,250.00. Following the transaction, the insider now owns 3,826,689 shares of the company’s stock, valued at $24,682,144.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired a total of 66,527 shares of company stock valued at $426,707 over the last ninety days. 28.99% of the stock is owned by insiders.
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Tiptree Company Profile
Tiptree Inc, formerly Tiptree Financial Inc, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations through Tiptree Operating Company, LLC (the Operating Company). It operates through five segments: insurance and insurance services, specialty finance, real estate, asset management, and corporate and other.
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