AMERISAFE, Inc. (NASDAQ:AMSF) to Issue Quarterly Dividend of $0.37

AMERISAFE, Inc. (NASDAQ:AMSF) announced a quarterly dividend on Wednesday, April 24th, Zacks reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.37 per share by the insurance provider on Friday, June 21st. This represents a $1.48 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, June 14th.

AMERISAFE has increased its dividend by an average of 8.0% per year over the last three years and has raised its dividend every year for the last 11 years. AMERISAFE has a dividend payout ratio of 59.4% meaning its dividend is sufficiently covered by earnings. 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

NASDAQ:AMSF traded up $0.58 during mid-day trading on Friday, hitting $46.40. The company had a trading volume of 11,532 shares, compared to its average volume of 131,662. AMERISAFE has a fifty-two week low of $44.88 and a fifty-two week high of $57.06. The firm has a market cap of $888.10 million, a P/E ratio of 14.27 and a beta of 0.32. The business’s fifty day moving average is $50.22 and its two-hundred day moving average is $49.57.

AMERISAFE (NASDAQ:AMSF) last issued its quarterly earnings data on Wednesday, February 21st. The insurance provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.66 by $0.08. The business had revenue of $73.88 million for the quarter, compared to the consensus estimate of $75.15 million. AMERISAFE had a return on equity of 16.48% and a net margin of 19.97%. Equities analysts forecast that AMERISAFE will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TheStreet upgraded AMERISAFE from a “c+” rating to a “b-” rating in a report on Monday, March 4th. JMP Securities restated a “market outperform” rating and set a $65.00 target price on shares of AMERISAFE in a research note on Monday, April 15th.

About AMERISAFE

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.