Kingstone Companies, Inc. (NASDAQ:KINS) announced a quarterly dividend on Monday, May 3rd, Zacks reports. Investors of record on Friday, May 28th will be paid a dividend of 0.04 per share by the insurance provider on Tuesday, June 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, May 27th.
Kingstone Companies has decreased its dividend payment by 39.7% over the last three years and has raised its dividend annually for the last 1 consecutive years.
NASDAQ:KINS opened at $8.27 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.33. Kingstone Companies has a 1-year low of $4.00 and a 1-year high of $8.98. The firm has a market capitalization of $88.50 million, a price-to-earnings ratio of -137.81 and a beta of 0.94. The business’s 50-day moving average price is $8.12 and its two-hundred day moving average price is $7.04.
KINS has been the topic of several research analyst reports. Zacks Investment Research downgraded Kingstone Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 16th. TheStreet raised Kingstone Companies from a “d+” rating to a “c-” rating in a research report on Friday, March 19th.
About Kingstone Companies
Kingstone Companies, Inc, through its subsidiary, Kingstone Insurance Company, underwrites property and casualty insurance products to individuals in New York. The company offers personal lines insurance products, including homeowners and dwelling fire multi-peril, cooperative/condominiums, renters, and personal umbrella policies.
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