Navigator Holdings Ltd. (NYSE:NVGS) Increases Dividend to $0.07 Per Share

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Tuesday, November 4th. Stockholders of record on Tuesday, November 25th will be given a dividend of 0.07 per share by the shipping company on Tuesday, December 16th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, November 25th. This is a 40.0% increase from Navigator’s previous quarterly dividend of $0.05.

Navigator has a dividend payout ratio of 12.7% 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 Trading Up 0.6%

Shares of NVGS traded up $0.11 during midday trading on Wednesday, hitting $16.49. 63,806 shares of the stock were exchanged, compared to its average volume of 351,765. Navigator has a 52-week low of $10.55 and a 52-week high of $17.52. The stock has a fifty day simple moving average of $15.88 and a 200 day simple moving average of $15.09. The firm has a market cap of $1.14 billion, a P/E ratio of 12.98 and a beta of 0.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.53 and a current ratio of 1.59.

Navigator (NYSE:NVGS) last released its quarterly earnings results on Tuesday, November 4th. The shipping company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Navigator had a return on equity of 6.56% and a net margin of 15.57%.The business had revenue of $153.09 million during the quarter, compared to analyst estimates of $133.84 million. On average, research analysts anticipate that Navigator will post 1.25 EPS for the current fiscal year.

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.