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Tiptree Financial raised its dividend for the second year, paying $0.06 per share on March 23.
Tiptree Financial Inc. (TIPT) announced a quarterly dividend of $0.06 per share, payable March 23 to shareholders of record on March 16, with a 1.5% annual yield.
The company has raised its dividend for two consecutive years, averaging a 0.1% annual increase over the past three years.
The stock closed at $16.25 on Friday, up $0.19, on above-average volume.
The company, which provides working capital solutions to small and medium-sized businesses, has a market cap of $614.58 million and a P/E ratio of 24.25.
CFO Scott T. McKinney recently purchased 2,600 shares, signaling confidence.
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Tiptree Financial elevó su dividendo por segundo año, pagando $0.06 por acción el 23 de marzo.