AMERISAFE, Inc. (NASDAQ:AMSF) Plans $0.39 Quarterly Dividend

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Shareholders of record on Friday, March 7th will be given a dividend of 0.39 per share by the insurance provider on Friday, March 21st. This represents a $1.56 dividend on an annualized basis and a yield of 3.07%.

AMERISAFE has increased its dividend payment by an average of 8.5% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. AMERISAFE has a payout ratio of 68.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AMERISAFE to earn $2.18 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 67.9%.

AMERISAFE Stock Performance

Shares of AMSF opened at $50.83 on Thursday. AMERISAFE has a 1 year low of $41.97 and a 1 year high of $60.24. The company has a market cap of $968.31 million, a price-to-earnings ratio of 15.88 and a beta of 0.35. The firm has a fifty day moving average of $50.59 and a 200-day moving average of $51.62.

AMERISAFE (NASDAQ:AMSF) last announced its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. Analysts predict that AMERISAFE will post 2.45 EPS for the current year.

About AMERISAFE

AMERISAFE, Inc, an insurance holding company, underwrites workers’ compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime.