Tiptree Inc. to Issue Special Dividend of $0.25 (NASDAQ:TIPT)

Tiptree Inc. (NASDAQ:TIPT) declared a special dividend on Monday, December 2nd,RTT News reports. Shareholders of record on Wednesday, December 11th will be given a dividend of 0.25 per share by the financial services provider on Thursday, December 19th.

Tiptree has raised its dividend payment by an average of 7.7% per year over the last three years.

Tiptree Stock Performance

TIPT traded up $0.29 on Monday, hitting $22.79. 50,800 shares of the company were exchanged, compared to its average volume of 90,661. The company has a market cap of $844.60 million, a PE ratio of 23.49 and a beta of 1.30. Tiptree has a 12 month low of $14.96 and a 12 month high of $24.09. The stock’s fifty day moving average is $20.59 and its 200-day moving average is $18.88.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Tiptree from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

About Tiptree

Tiptree Inc, through its subsidiaries, provides specialty insurance products and related services primarily in the United States. It operates through two segments: Insurance and Mortgage. The company offers niche; commercial lines insurance products, including professional liability, general liability, contractual liability protection, property and other short-tail, and alternative risks insurance products; and personal lines insurance products, such as credit protection surrounding loan payments.