International General Insurance Holdings Ltd. (IGIC) To Go Ex-Dividend on March 13th

International General Insurance Holdings Ltd. (NASDAQ:IGIC) declared a quarterly dividend on Saturday, February 21st. Investors of record on Friday, March 13th will be given a dividend of 0.05 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 13th.

International General Insurance has raised its dividend by an average of 0.6%per year over the last three years and has raised its dividend every year for the last 2 years. International General Insurance has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect International General Insurance to earn $3.03 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 6.6%.

International General Insurance Trading Up 0.5%

International General Insurance stock opened at $24.23 on Wednesday. The firm has a 50 day simple moving average of $24.79 and a 200 day simple moving average of $24.03. International General Insurance has a 1-year low of $20.82 and a 1-year high of $27.63. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 8.44 and a beta of 0.15.

International General Insurance (NASDAQ:IGIC) last posted its earnings results on Tuesday, February 24th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. International General Insurance had a return on equity of 16.98% and a net margin of 24.61%.The firm had revenue of $126.40 million for the quarter, compared to the consensus estimate of $116.40 million. On average, equities research analysts forecast that International General Insurance will post 3.18 EPS for the current year.

International General Insurance Company Profile

International General Insurance (NASDAQ:IGIC) is a global specialty insurer and reinsurer focused on underwriting a diverse portfolio of property and casualty risks. Headquartered in Pembroke, Bermuda, the company provides tailored risk solutions across a broad range of industry sectors. IGIC operates within the excess and surplus lines market, leveraging specialized expertise to cover complex and hard-to-place risks that fall outside the scope of standard commercial insurance.

Founded in 1988, IGIC has grown its product offering to include marine, energy, aviation, construction, professional liability and credit & surety lines.