AMERISAFE, Inc. (NASDAQ:AMSF – Get Free Report) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.37 per share by the insurance provider on Friday, June 21st. This represents a $1.48 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, June 14th.
AMERISAFE has increased its dividend payment by an average of 8.0% per year over the last three years and has raised its dividend annually for the last 11 consecutive years. AMERISAFE has a dividend payout ratio of 59.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AMERISAFE to earn $2.23 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 66.4%.
AMERISAFE Stock Performance
AMSF stock traded up $0.58 during midday trading on Friday, reaching $46.40. 11,532 shares of the company were exchanged, compared to its average volume of 131,662. AMERISAFE has a 1-year low of $44.88 and a 1-year high of $57.06. The stock’s 50-day simple moving average is $50.22 and its 200 day simple moving average is $49.57. The company has a market cap of $888.10 million, a price-to-earnings ratio of 14.27 and a beta of 0.32.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on AMSF shares. JMP Securities reiterated a “market outperform” rating and issued a $65.00 price objective on shares of AMERISAFE in a research report on Monday, April 15th. TheStreet upgraded shares of AMERISAFE from a “c+” rating to a “b-” rating in a research report on Monday, March 4th.
View Our Latest Stock Report on AMSF
AMERISAFE Company Profile
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.
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