AMERISAFE Increases Dividend By 9.7%

Rhea-AI Summary

AMERISAFE, Inc. (NASDAQ: AMSF) has announced a 9.7% increase in its quarterly dividend, raising it from $0.31 to $0.34 per share. The dividend will be payable on March 24, 2023 to shareholders of record as of March 10, 2023. Since initiating dividend payments in 2013, AMERISAFE has distributed a total of $38.03 per share, comprising $8.28 in regular dividends and $29.75 in special dividends. The company specializes in providing workers' compensation insurance to small and mid-sized employers in high-risk industries.

Positive

• Quarterly dividend increased by 9.7%, enhancing income for shareholders.
• Total of $38.03 paid in dividends since 2013 demonstrates a commitment to returning value to shareholders.

Negative

• None.

Increases Quarterly Dividend from $0.31 to $0.34 per Share

DERIDDER, La.--(BUSINESS WIRE)-- AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced that its Board of Directors has increased the quarterly dividend by 9.7%, from $0.31 to $0.34 per share.

The Board of Directors declared a quarterly cash dividend of $0.34 per share, payable on March 24, 2023 to shareholders of record as of March 10, 2023.

The Company began paying dividends in 2013. Since that time, the Company has paid $38.03 in dividends per share, comprising $8.28 in regular dividends and $29.75 in special dividends.

Additional information on the Company’s fourth quarter and 2022 full year earnings can be found in AMERISAFE’s accompanying earnings release issued today.

ABOUT AMERISAFE

AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, and manufacturing. AMERISAFE actively markets workers’ compensation insurance in 27 states.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230220005060/en/

Andy Omiridis, EVP & CFO

AMERISAFE

337.463.9052

Source: AMERISAFE, Inc.

FAQ

What is the new dividend amount for AMSF?

The new quarterly dividend for AMSF is $0.34 per share.

When will AMSF's dividend be paid?

The dividend will be paid on March 24, 2023, to shareholders of record as of March 10, 2023.

How much has AMSF paid in dividends since 2013?

AMSF has paid a total of $38.03 in dividends per share since 2013.

What percentage increase was announced for AMSF's dividend?

AMSF announced a 9.7% increase in its quarterly dividend.