Navigator Holdings Ltd. (NVGS) to Issue Quarterly Dividend of $0.05 on April 3rd

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Investors of record on Monday, March 24th will be paid a dividend of 0.05 per share by the shipping company on Thursday, April 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Monday, March 24th.

Navigator has a dividend payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Navigator to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.0%.

Navigator Stock Performance

Shares of NYSE NVGS opened at $13.69 on Friday. The company’s fifty day moving average price is $16.00 and its 200 day moving average price is $15.88. Navigator has a 1 year low of $13.55 and a 1 year high of $18.18. The company has a market capitalization of $1.00 billion, a PE ratio of 12.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $144.03 million for the quarter, compared to the consensus estimate of $120.87 million. Navigator had a net margin of 14.48% and a return on equity of 7.40%. On average, research analysts predict that Navigator will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Navigator in a report on Wednesday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $21.60.

Navigator Company Profile

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.