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

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Tuesday, February 25th, 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 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, March 7th.

AMERISAFE has raised its dividend payment by an average of 8.5% annually over the last three years and has raised its dividend every year for the last 12 years. AMERISAFE has a payout ratio of 71.2% indicating that 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 $1.56 annual dividend with an expected future payout ratio of 71.6%.

AMERISAFE Trading Down 1.0 %

Shares of NASDAQ:AMSF opened at $51.66 on Wednesday. AMERISAFE has a 1 year low of $41.97 and a 1 year high of $60.24. The firm has a fifty day moving average price of $50.53 and a 200 day moving average price of $51.79. The stock has a market capitalization of $984.18 million, a PE ratio of 15.98 and a beta of 0.35.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, February 26th. The insurance provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $73.51 million for the quarter, compared to the consensus estimate of $77.37 million. AMERISAFE had a return on equity of 16.50% and a net margin of 19.49%. On average, sell-side analysts forecast 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.