James River Group Holdings, Ltd. (NASDAQ:JRVR) Announces Quarterly Dividend of $0.01

James River Group Holdings, Ltd. (NASDAQ:JRVR) declared a quarterly dividend on Wednesday, March 4th, NASDAQ Dividends reports. Investors of record on Friday, March 13th will be given a dividend of 0.01 per share by the insurance provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, March 13th.

James River Group has decreased its dividend by an average of 0.3%per year over the last three years. James River Group has a payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect James River Group to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.2%.

James River Group Trading Up 4.0%

JRVR opened at $6.94 on Thursday. The business has a fifty day moving average price of $6.65 and a 200 day moving average price of $6.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.66 and a quick ratio of 0.64. James River Group has a 12 month low of $3.46 and a 12 month high of $7.20. The stock has a market capitalization of $319.00 million, a price-to-earnings ratio of 9.51 and a beta of -0.06.

James River Group (NASDAQ:JRVR) last posted its quarterly earnings results on Monday, March 2nd. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). James River Group had a net margin of 6.90% and a return on equity of 12.86%. The company had revenue of $167.75 million during the quarter, compared to analyst estimates of $171.98 million. Sell-side analysts expect that James River Group will post -0.35 earnings per share for the current fiscal year.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.