Slide Insurance Holdings, Inc. (NASDAQ:SLDE) Announces $0.07 Quarterly Dividend

Slide Insurance Holdings, Inc. (NASDAQ:SLDE) declared a quarterly dividend on Monday, July 27th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.07 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th.

Slide Insurance Stock Up 2.9%

Slide Insurance stock opened at $20.85 on Tuesday. The company has a market cap of $2.39 billion and a P/E ratio of 5.79. Slide Insurance has a 1-year low of $12.53 and a 1-year high of $21.79. The company has a fifty day simple moving average of $18.79 and a 200 day simple moving average of $18.14. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.03.

Slide Insurance (NASDAQ:SLDE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.20. Slide Insurance had a return on equity of 48.38% and a net margin of 38.86%.The firm had revenue of $389.28 million during the quarter. Research analysts anticipate that Slide Insurance will post 3.59 earnings per share for the current fiscal year.

Slide Insurance declared that its Board of Directors has authorized a share repurchase program on Tuesday, April 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Slide Insurance Company Profile

Launched in 2021, we are a technology enabled, fast-growing, coastal specialty insurer. We focus on profitable underwriting of single family and condominium policies in the property and casualty (“P&C”) industry in coastal states along the Atlantic seaboard through our insurance subsidiary, Slide Insurance Company (“SIC”). We utilize our differentiated technology and data-driven approach to focus on market opportunities that are underserved by other insurance companies. We acquire policies both from inorganic block acquisitions and subsequent renewals, as well as new business sales through a combination of independent agents and our direct-to-consumer(“DTC”) channel, through which we sell our insurance products directly to end consumers, without the use of retailers, brokers, agents or other intermediaries.