Tiptree Financial Inc. (TIPT) To Go Ex-Dividend on May 18th

Tiptree Financial Inc. (NASDAQ:TIPT) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, May 18th will be given a dividend of 0.06 per share by the financial services provider on Tuesday, May 26th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, May 18th.

Tiptree Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years.

Tiptree Financial Stock Down 1.9%

Shares of Tiptree Financial stock opened at $16.60 on Friday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.09. Tiptree Financial has a 12 month low of $15.49 and a 12 month high of $27.41. The business has a fifty day simple moving average of $16.78 and a 200 day simple moving average of $17.52. The stock has a market cap of $623.66 million, a PE ratio of 18.86 and a beta of 0.91.

About Tiptree Financial

Tiptree Financial, Inc (NASDAQ: TIPT) is a specialty finance company that provides working capital solutions to small and medium-sized enterprises. Through its wholly owned subsidiary, Tiptree Finance LLC, the company focuses on asset-based lending, accounts receivable financing, and supply chain finance. Tiptree’s model is designed to help businesses manage cash flow, support growth initiatives, and optimize their balance sheets by unlocking liquidity tied up in receivables and inventory.

The company’s core services include invoice factoring and purchase order financing.