Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Declares Quarterly Dividend of $0.07

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) declared a quarterly dividend on Monday, July 27th. Stockholders of record on Friday, August 14th will be given a dividend of 0.07 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th.

Slide Insurance Price Performance

Shares of SLDE opened at $20.85 on Tuesday. The stock has a 50 day simple moving average of $18.79 and a 200 day simple moving average of $18.14. Slide Insurance has a 52-week low of $12.53 and a 52-week high of $21.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $2.39 billion and a PE ratio of 5.79.

Slide Insurance (NASDAQ:SLDE) last announced its earnings results on Tuesday, April 28th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.82 by $0.20. The firm had revenue of $389.28 million for the quarter. Slide Insurance had a net margin of 38.86% and a return on equity of 48.38%. Sell-side analysts predict that Slide Insurance will post 3.59 EPS for the current fiscal year.

About Slide Insurance

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.