Tiptree Financial Inc. (NASDAQ:TIPT – Get Free Report) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Monday, March 16th will be given a dividend of 0.06 per share by the financial services provider on Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 16th.
Tiptree Financial has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years.
Tiptree Financial Price Performance
Shares of TIPT stock traded up $0.19 during trading hours on Friday, reaching $16.25. 410,792 shares of the company traded hands, compared to its average volume of 255,440. The firm has a 50-day moving average price of $17.30 and a 200 day moving average price of $18.76. The company has a market cap of $614.58 million, a P/E ratio of 24.25 and a beta of 1.23. Tiptree Financial has a 12-month low of $15.85 and a 12-month high of $27.41.
Tiptree Financial Company Profile
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.
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