Tiptree Financial (TIPT) Declares $0.05 Dividend
Tiptree Financial said on March 8, 2023 that its board of directors declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Previously, the company paid $0.04 per share.
Shares must be purchased before the ex-div date of March 17, 2023 to qualify for the dividend. Shareholders of record as of March 20, 2023 will receive the payment on March 27, 2023.
At the current share price of $15.64 / share, the stock's dividend yield is 1.28%. Looking back five years and taking a sample every week, the average dividend yield has been 2.06%, the lowest has been 0.98%, and the highest has been 3.39%. The standard deviation of yields is 0.65 (n=237).
The current dividend yield is 1.21 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is -0.70. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 225 funds or institutions reporting positions in Tiptree Financial. This is an increase of 7 owner(s) or 3.21% in the last quarter. Average portfolio weight of all funds dedicated to TIPT is 0.11%, an increase of 4.62%. Total shares owned by institutions increased in the last three months by 4.93% to 15,932K shares. The put/call ratio of TIPT is 0.24, indicating a bullish outlook.
What are Large Shareholders Doing?
Bridgeway Capital Management holds 872K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 828K shares, representing an increase of 4.99%. The firm increased its portfolio allocation in TIPT by 30.86% over the last quarter.
DFSVX - U.s. Small Cap Value Portfolio - Institutional Class holds 809K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 806K shares, representing an increase of 0.29%. The firm increased its portfolio allocation in TIPT by 9.47% over the last quarter.
Royce & Associates holds 686K shares representing 1.89% ownership of the company. In it's prior filing, the firm reported owning 647K shares, representing an increase of 5.67%. The firm increased its portfolio allocation in TIPT by 26.02% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 652K shares representing 1.80% ownership of the company. No change in the last quarter.
Cannell Capital holds 595K shares representing 1.64% ownership of the company. In it's prior filing, the firm reported owning 425K shares, representing an increase of 28.66%. The firm increased its portfolio allocation in TIPT by 58.69% over the last quarter.
Tiptree Background Information
(This description is provided by the company.)
Tiptree Inc. is a holding company that allocates capital across a broad spectrum of businesses, assets and other investments. Its principal operating business, Fortegra, is a specialty insurance program underwriter and service provider, which focuses on niche business lines and fee-oriented services. Tiptree also allocates capital to a diverse group of select investments that the company refers to as Tiptree Capital.
This story originally appeared on Fintel.