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NEW YORK - Kingstone Companies, Inc. (NASDAQ:KINS), a property and casualty insurer with a market capitalization of $212 million and current share price of $15.14, announced Tuesday it will reinstate quarterly cash dividends on its common stock for the first time since the third quarter of 2022. According to InvestingPro data, the company has delivered an impressive 158% return over the past year.
The Northeast regional property and casualty insurance holding company declared a dividend of $0.05 per share, payable on August 26, 2025, to stockholders of record as of August 11, 2025.
Kingstone suspended its dividend program in November 2022 as part of a debt refinancing requirement. The company has since paid off its debt ahead of maturity.
"We have now positioned Kingstone in its strongest financial position since 2021," said Meryl Golden, Chief Executive Officer at Kingstone, in a press release statement. "Our improved performance, along with our healthy balance sheet, gives us confidence in restoring the dividend at this time."
The company expects to continue paying quarterly dividends to stockholders moving forward.
Kingstone operates primarily through its subsidiary Kingstone Insurance Company (KICO), a New York-domiciled carrier that writes personal lines and commercial auto insurance through retail and wholesale agents. According to the company, KICO was the 12th largest writer of homeowners insurance in New York in 2024 and is licensed in several Northeastern states.
The announcement comes as the company reports it has been generating significant cash flows from operations over the past two years.
In other recent news, Kingstone Companies Inc. reported impressive financial results for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.27, significantly higher than the anticipated loss of $0.09 per share. Revenue also exceeded forecasts, reaching $58.18 million compared to the expected $55.6 million. These results highlight Kingstone’s strong financial performance and strategic execution. The announcement of these earnings results has been a notable development for investors. While the stock price movement is not a focus here, the financial health indicated by these figures is a key point of interest. These recent developments are likely to influence investor sentiment and market perceptions.
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