Tiptree Financial Inc. (NASDAQ:TIPT – Get Free Report) declared a quarterly dividend on Wednesday, July 29th. Investors 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) dividend on an annualized basis 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 every year for the last 2 years.
Tiptree Financial Price Performance
TIPT stock traded up $0.41 during trading on Wednesday, hitting $18.46. The stock had a trading volume of 308,938 shares, compared to its average volume of 250,146. Tiptree Financial has a twelve month low of $15.49 and a twelve month high of $27.41. The company’s 50-day moving average price is $17.74 and its two-hundred day moving average price is $17.30. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.26 and a quick ratio of 4.26. The stock has a market capitalization of $693.54 million, a P/E ratio of 20.98 and a beta of 0.93.
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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