Tiptree Financial Inc. (NASDAQ:TIPT) Announces Quarterly Dividend of $0.06

Tiptree Financial Inc. (NASDAQ:TIPT) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.06 per share by the financial services provider on Monday, August 24th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 17th.

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

Tiptree Financial Stock Up 2.3%

TIPT stock opened at $18.46 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.26 and a quick ratio of 4.26. Tiptree Financial has a 1-year low of $15.49 and a 1-year high of $27.41. The stock has a market capitalization of $693.54 million, a P/E ratio of 20.98 and a beta of 0.93. The business has a fifty day moving average price of $17.77 and a 200-day moving average price of $17.30.

Tiptree Financial (NASDAQ:TIPT) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $10.30 EPS for the quarter. Tiptree Financial had a return on equity of 5.01% and a net margin of 2.36%.The company had revenue of $3.92 million during the quarter.

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.