American Coastal Insurance Corporation (ACIC) to Issue Dividend of $0.75 on January 9th

American Coastal Insurance Corporation (NASDAQ:ACICGet Free Report) declared a dividend on Monday, December 1st, NASDAQ Dividends reports. Stockholders of record on Friday, January 2nd will be paid a dividend of 0.75 per share on Friday, January 9th. The ex-dividend date is Friday, January 2nd.

American Coastal Insurance has decreased its dividend by an average of 1.0%annually over the last three years. American Coastal Insurance has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings.

American Coastal Insurance Trading Down 0.1%

Shares of ACIC traded down $0.01 on Wednesday, reaching $12.55. 52,522 shares of the company’s stock were exchanged, compared to its average volume of 181,907. American Coastal Insurance has a 12 month low of $9.97 and a 12 month high of $13.64. The business has a 50 day moving average price of $12.14 and a two-hundred day moving average price of $11.40. The stock has a market capitalization of $612.00 million, a P/E ratio of 7.34 and a beta of -0.49.

American Coastal Insurance (NASDAQ:ACICGet Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter. American Coastal Insurance had a return on equity of 30.06% and a net margin of 25.95%.The firm had revenue of $0.09 million during the quarter.

American Coastal Insurance Company Profile

(Get Free Report)

American Coastal Insurance Company (NASDAQ:ACIC) is a specialized property and casualty insurer focused on coastal residential and commercial lines across the Southeastern United States. Headquartered in St. Petersburg, Florida, the company underwrites policies designed to address windstorm and non-windstorm perils in areas exposed to hurricane risk. Since its founding in 2007, American Coastal has positioned itself to meet the insurance needs of homeowners, condominium associations, and small business owners operating near coastal zones.

Through a diversified portfolio of personal lines products, American Coastal offers homeowners insurance, dwelling fire, mobile home, condominium unitowners and renters policies.

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