National General Holdings Corp (NASDAQ:NGHC) announced a quarterly dividend on Tuesday, August 7th, Wall Street Journal reports. Shareholders of record on Monday, October 1st will be paid a dividend of 0.04 per share by the insurance provider on Monday, October 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, September 28th.

National General has increased its dividend by an average of 74.7% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. National General has a payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect National General to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 6.3%.

National General traded down $0.28, hitting $27.78, on Wednesday, according to Marketbeat Ratings. 1,547 shares of the company were exchanged, compared to its average volume of 147,216. The company has a market cap of $2.94 billion, a PE ratio of 25.64 and a beta of 0.95. National General has a twelve month low of $16.21 and a twelve month high of $28.22.

National General (NASDAQ:NGHC) last posted its quarterly earnings data on Monday, August 6th. The insurance provider reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. National General had a return on equity of 8.80% and a net margin of 2.23%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. research analysts forecast that National General will post 2.23 earnings per share for the current fiscal year.

Several research firms have issued reports on NGHC. ValuEngine upgraded National General from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. BidaskClub upgraded National General from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Zacks Investment Research downgraded National General from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. JMP Securities boosted their price objective on National General from $30.00 to $32.00 and gave the stock a “market outperform” rating in a report on Monday, June 11th. Finally, Keefe, Bruyette & Woods downgraded National General from an “outperform” rating to a “market perform” rating and set a $27.00 price objective on the stock. in a report on Monday, June 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.71.

About National General

National General Holdings Corp., a specialty personal lines insurance holding company, provides various insurance products and services in the United States. The company operates in two segments, Property and Casualty, and Accident and Health. The Property and Casualty segment offers standard, preferred, and nonstandard automobile insurance products; and recreational vehicle (RV) insurance products that carry RV-specific endorsements comprising automatic personal effects coverage, optional replacement cost coverage, RV storage coverage, and full-time liability coverage.

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Dividend History for National General (NASDAQ:NGHC)

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