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

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%. The ex-dividend date of this dividend is Friday, March 7th.

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 payout ratio of 68.8% indicating that its dividend is sufficiently covered by earnings. Research 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

AMSF opened at $50.80 on Friday. The firm has a market cap of $967.74 million, a P/E ratio of 15.88 and a beta of 0.35. The business’s fifty day moving average is $50.57 and its 200-day moving average is $51.62. AMERISAFE has a 52-week low of $41.97 and a 52-week high of $60.24.

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, topping 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%. The company had revenue of $73.51 million during the quarter, compared to the consensus estimate of $77.37 million. On average, research analysts predict that AMERISAFE will post 2.45 earnings per share for the current fiscal 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.