Kingstone Companies, Inc (KINS) To Go Ex-Dividend on November 10th

Kingstone Companies, Inc (NASDAQ:KINS) announced a quarterly dividend on Friday, October 31st. Investors of record on Tuesday, November 11th will be paid a dividend of 0.05 per share by the insurance provider on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, November 10th.

Kingstone Companies has decreased its dividend by an average of 1.0%annually over the last three years. Kingstone Companies has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Kingstone Companies to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.9%.

Kingstone Companies Trading Up 0.9%

Shares of Kingstone Companies stock opened at $14.58 on Friday. The company has a fifty day simple moving average of $14.23 and a 200-day simple moving average of $15.39. Kingstone Companies has a 12-month low of $9.94 and a 12-month high of $22.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.05. The stock has a market cap of $206.18 million, a price-to-earnings ratio of 7.29 and a beta of 0.49.

Kingstone Companies (NASDAQ:KINS) last issued its earnings results on Thursday, August 7th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.20. Kingstone Companies had a net margin of 14.84% and a return on equity of 33.21%. The business had revenue of $59.80 million during the quarter, compared to analysts’ expectations of $45.20 million. Kingstone Companies has set its FY 2025 guidance at 1.950-2.35 EPS. On average, equities analysts forecast that Kingstone Companies will post 1.4 EPS for the current fiscal year.

About Kingstone Companies

Kingstone Companies, Inc, through its subsidiary, provides property and casualty insurance products to individuals in the United States. It offers personal line of insurance products, such as homeowners and dwelling fire, cooperative/condominiums, renters, and personal umbrella policies. The company also provides for-hire vehicle physical damage only policies for livery and car service vehicles and taxicabs; and canine legal liability policies.