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

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors 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 by an average of 8.5% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. AMERISAFE has a dividend payout ratio of 68.8% meaning its dividend is sufficiently covered by earnings. 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 Down 1.3 %

NASDAQ AMSF traded down $0.67 during trading hours on Wednesday, hitting $50.83. 48,494 shares of the stock were exchanged, compared to its average volume of 113,335. The stock has a 50-day moving average of $50.61 and a 200 day moving average of $51.63. AMERISAFE has a 12-month low of $41.97 and a 12-month 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.

AMERISAFE (NASDAQ:AMSF) last posted its quarterly earnings results on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. AMERISAFE had a net margin of 19.49% and a return on equity of 16.50%. On average, equities research analysts expect that AMERISAFE will post 2.45 earnings per share for the current year.

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.