AMERISAFE, Inc. (AMSF) To Go Ex-Dividend on December 6th

AMERISAFE, Inc. (NASDAQ:AMSF) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 3.37 per share by the insurance provider on Friday, December 13th. This represents a $13.48 dividend on an annualized basis and a yield of 24.00%. The ex-dividend date is Friday, December 6th. This is an increase from AMERISAFE’s previous quarterly dividend of $0.37.

AMERISAFE has increased its dividend by an average of 8.0% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. AMERISAFE has a payout ratio of 64.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AMERISAFE to earn $2.10 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 70.5%.

AMERISAFE Stock Performance

NASDAQ:AMSF opened at $56.17 on Friday. The business’s fifty day moving average is $49.19 and its 200 day moving average is $47.05. AMERISAFE has a 52-week low of $41.97 and a 52-week high of $56.43. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 17.50 and a beta of 0.34.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. AMERISAFE had a return on equity of 16.38% and a net margin of 18.46%. During the same period in the prior year, the firm earned $0.61 EPS. Equities analysts predict that AMERISAFE will post 2.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com raised AMERISAFE from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. JMP Securities restated a “market outperform” rating and set a $65.00 price target on shares of AMERISAFE in a research report on Tuesday, October 15th.

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.