Tiptree Financial Inc. (NASDAQ:TIPT – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Monday, August 17th will be given 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 increased its dividend annually for the last 2 consecutive years.
Tiptree Financial Stock Down 0.8%
Shares of TIPT opened at $18.05 on Friday. The company has a market cap of $672.18 million, a PE ratio of 1.67 and a beta of 0.93. The business has a fifty day moving average of $17.87 and a 200 day moving average of $17.34. Tiptree Financial has a 52-week low of $15.49 and a 52-week high of $27.41.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Tiptree Financial in a report on Wednesday, July 8th. Wall Street Zen upgraded Tiptree Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tiptree Financial presently has a consensus rating of “Hold”.
Read Our Latest Report on TIPT
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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