Kingstone Companies, Inc (NASDAQ:KINS) Plans Quarterly Dividend of $0.06

Kingstone Companies, Inc (NASDAQ:KINS) declared a quarterly dividend on Friday, October 23rd. Investors of record on Wednesday, November 11th will be given a dividend of $0.06 per share by the insurance provider on Wednesday, November 25th. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, November 11th.

Kingstone Companies has decreased its dividend payment by an average of 0.1% per year over the last three years. Kingstone Companies has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kingstone Companies to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.3%.

Kingstone Companies Stock Down 0.7%

Kingstone Companies stock traded down $0.15 during midday trading on Friday, hitting $20.04. The stock had a trading volume of 58,487 shares, compared to its average volume of 118,966. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.03. The stock has a market cap of $290.18 million, a P/E ratio of 8.28 and a beta of 0.41. Kingstone Companies has a 12 month low of $13.83 and a 12 month high of $20.90. The business has a fifty day moving average price of $19.23 and a 200 day moving average price of $18.09.

Kingstone Companies (NASDAQ:KINS) last announced its quarterly earnings data on Thursday, August 6th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09. Kingstone Companies had a return on equity of 30.78% and a net margin of 14.85%. The firm had revenue of $65.85 million for the quarter, compared to analysts’ expectations of $71.70 million. Kingstone Companies has set its FY 2026 guidance at 2.200-2.900 EPS. Research analysts predict that Kingstone Companies will post 2.65 EPS for the current year.

About Kingstone Companies

Kingstone Companies, Inc is an insurance holding company that operates primarily through its subsidiary, Kingstone Insurance Company. The company focuses on property and casualty insurance for individuals and families, with an emphasis on personal lines coverage.

Its products have included homeowners, condominium, cooperative, renters, dwelling fire and personal umbrella insurance. These policies are designed to protect residential properties and personal assets against risks such as property damage, liability claims and other covered losses.

Kingstone serves customers through independent insurance agents and has historically concentrated its business in the Northeastern United States, particularly New York and other selected states in the region.