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DERIDDER, La. - AMERISAFE , Inc. (NASDAQ:AMSF), a specialty provider of workers’ compensation insurance for high-hazard industries, has announced an increase in its quarterly dividend. The company, with a market capitalization of approximately $968 million, has approved a 5.4% rise in its quarterly dividend, setting the new dividend rate at $0.39 per share. According to InvestingPro data, AMERISAFE currently offers an attractive dividend yield of 9.42%.
This latest dividend is scheduled to be paid on March 21, 2025, to shareholders who are on record as of March 7, 2025. The increase continues AMERISAFE’s pattern of sharing profits with its shareholders, a practice that began in 2013. InvestingPro analysis reveals that the company has maintained dividend payments for 12 consecutive years, demonstrating its commitment to shareholder returns. Since 2013, the company has distributed a total of $47.76 per share in dividends, which includes $11.51 in regular dividends and $36.25 in special dividends.
AMERISAFE’s commitment to returning value to shareholders is evident in this consistent dividend strategy. Trading at a P/E ratio of 15.74 and maintaining a healthy current ratio of 2.23, the company demonstrates solid financial stability. The company specializes in providing workers’ compensation insurance to small and mid-sized businesses in sectors such as construction, trucking, logging, lumber, agriculture, and manufacturing. With active marketing in 27 states, AMERISAFE has established a significant presence in the workers’ compensation insurance market for hazardous industries.
For investors seeking deeper insights, InvestingPro offers an extensive analysis of AMERISAFE’s financial health, including 8 additional ProTips and a comprehensive Pro Research Report, available exclusively to subscribers.
The announcement coincides with the release of additional information regarding the company’s earnings for the fourth quarter and the full year of 2024. This financial performance detail has been made available in AMERISAFE’s earnings release issued on the same day.
Investors and stakeholders can access the full earnings release for a comprehensive overview of the company’s financial results. This dividend increase reflects AMERISAFE’s financial health and its board’s confidence in the company’s ability to generate shareholder value.
The information in this article is based on a press release statement from AMERISAFE, Inc.
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