Kingstone Reinstates Quarterly Cash Dividend Following Strong Financial Recovery

Kingstone Companies has reinstated its quarterly cash dividend of $0.05 per share after a nearly three-year suspension. The decision reflects the company's strong financial performance, improved cash flows, and successful debt repayment. The dividend will be paid on August 26, 2025, to shareholders of record as of August 11, 2025. This marks the first dividend issuance since the third quarter of 2022.

Kingstone Companies, Inc. (KINS) has reinstated its quarterly cash dividend of $0.05 per share after a nearly three-year hiatus. The dividend will be paid on August 26, 2025, to shareholders of record as of August 11, 2025. This marks the first dividend issuance since the third quarter of 2022 [2].

The decision to reinstate the dividend reflects the company's strong financial performance, improved cash flows, and successful debt repayment. Kingstone suspended its dividend program in November 2022 as part of a debt refinancing requirement. However, the company has since paid off its debt ahead of maturity, positioning itself in its strongest financial position since 2021 [3].

Kingstone's improved performance has been driven by strong underwriting results and consistent cash flows from operations over the past two years. The company's subsidiary, Kingstone Insurance Company (KICO), has been performing well, ranking 12th in homeowners insurance in New York in 2024 [2]. Additionally, KICO is licensed in several Northeastern states, including New York, New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine [2].

The company's recent financial results for the first quarter of 2025 also highlight its strong performance. Kingstone 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 [3].

This reinstatement of the dividend is a notable development for investors, reflecting the company's commitment to enhancing stockholder value through responsible capital stewardship and advancing its growth initiatives. Kingstone expects to continue paying quarterly dividends moving forward [2].

References:
[1] https://www.nasdaq.com/articles/are-investors-undervaluing-kingstone-companies-kins-right-now
[2] https://finance.yahoo.com/news/kingstone-reinstates-quarterly-cash-dividend-120500782.html
[3] https://www.investing.com/news/company-news/kingstone-reinstates-quarterly-dividend-after-threeyear-hiatus-93CH-4145833