AMERISAFE Declares Special Dividend Of $3.50 Per Share And Regular Quarterly Dividend Of $0.34 Per Share
Portfolio Pulse from Benzinga Newsdesk
AMERISAFE, Inc. (NASDAQ:AMSF), a provider of workers' compensation insurance, has declared a special cash dividend of $3.50 per share, payable on December 15, 2023, to shareholders of record as of December 1, 2023. The company also declared a regular quarterly dividend of $0.34 per share, payable on the same dates. Over the past eleven years, the company has declared $42.89 per share in dividends, including $9.64 in regular dividends and $33.25 in special dividends.
October 25, 2023 | 8:58 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AMERISAFE's declaration of a special cash dividend and a regular quarterly dividend could be a positive signal to investors, indicating the company's financial health and commitment to returning capital to shareholders.
Dividends are typically a sign of a company's profitability and financial health. The declaration of a special dividend, in addition to the regular quarterly dividend, indicates that AMERISAFE has excess capital, which it is returning to shareholders. This could increase investor confidence in the company and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100