Kingstone Companies, Inc (NASDAQ:KINS) Plans $0.05 Quarterly Dividend

Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Friday, January 30th. Shareholders of record on Wednesday, February 11th will be given a dividend of 0.05 per share by the insurance provider on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, February 11th.

Kingstone Companies has decreased its dividend payment 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 Price Performance

Shares of KINS stock opened at $15.45 on Friday. Kingstone Companies has a 12-month low of $13.08 and a 12-month high of $22.40. The firm has a market capitalization of $218.57 million, a price-to-earnings ratio of 7.05 and a beta of 0.42. The business has a 50 day simple moving average of $16.01 and a 200 day simple moving average of $15.10.

Kingstone Companies (NASDAQ:KINS) last posted its quarterly earnings data on Thursday, November 6th. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Kingstone Companies had a net margin of 15.68% and a return on equity of 33.69%. The business had revenue of $55.65 million during the quarter, compared to analysts’ expectations of $53.20 million. On average, equities analysts anticipate that Kingstone Companies will post 1.4 EPS for the current fiscal year.

About Kingstone Companies

Kingstone Companies, Inc is a publicly traded property and casualty insurance holding company whose primary focus lies in personal and commercial insurance products. Through its wholly owned subsidiary, Kingstone Insurance Company, the firm underwrites a broad portfolio of property and casualty lines, including private passenger auto, homeowners, inland marine, umbrella, and various small‐commercial coverage options. Distribution is handled predominantly through a network of independent agents, allowing Kingstone to maintain strong broker relationships and responsive service for policyholders.

The company was incorporated in Delaware in 2010 and commenced operations following the acquisition of Kingstone Insurance Company in early 2011.