National Security Group, Inc. to Issue Quarterly Dividend of $0.05 (NSEC)

National Security Group, Inc. (NASDAQ:NSEC) declared a quarterly dividend on Monday, April 16th, Wall Street Journal reports. Stockholders of record on Monday, May 7th will be paid a dividend of 0.05 per share by the insurance provider on Thursday, May 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, May 4th.

Shares of NASDAQ:NSEC opened at $16.75 on Tuesday. National Security Group has a 12-month low of $11.52 and a 12-month high of $18.17. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.30.

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National Security Group (NASDAQ:NSEC) last announced its quarterly earnings data on Wednesday, February 28th. The insurance provider reported $0.57 earnings per share (EPS) for the quarter. National Security Group had a negative return on equity of 0.84% and a negative net margin of 1.83%. The firm had revenue of $16.25 million for the quarter.

In related news, major shareholder Andrew J. Abernathey acquired 6,438 shares of National Security Group stock in a transaction dated Friday, March 16th. The shares were purchased at an average cost of $15.73 per share, with a total value of $101,269.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Andrew J. Abernathey acquired 2,393 shares of National Security Group stock in a transaction dated Wednesday, March 21st. The shares were bought at an average cost of $15.95 per share, for a total transaction of $38,168.35. The disclosure for this purchase can be found here. Insiders have bought 8,852 shares of company stock worth $139,774 over the last ninety days. Insiders own 37.89% of the company’s stock.

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National Security Group Company Profile

The National Security Group, Inc, an insurance holding company, provides insurance products and services in the United States. The company operates through two segments, Property and Casualty Insurance, and Life Insurance. Its Property and Casualty Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance services in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

Dividend History for National Security Group (NASDAQ:NSEC)

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