The Travelers Companies, Inc. (TRV) to Issue Quarterly Dividend of $1.25 on June 30th

The Travelers Companies, Inc. (NYSE:TRV) declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Wednesday, June 10th will be given a dividend of 1.25 per share by the insurance provider on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is a 13.6% increase from Travelers Companies’s previous quarterly dividend of $1.10.

Travelers Companies has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 21 years. Travelers Companies has a payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Travelers Companies to earn $28.34 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 17.6%.

Travelers Companies Stock Down 0.0%

NYSE:TRV opened at $303.13 on Monday. The firm has a market capitalization of $64.46 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 2.73 and a beta of 0.48. Travelers Companies has a twelve month low of $249.19 and a twelve month high of $313.12. The stock’s 50 day moving average price is $299.04 and its two-hundred day moving average price is $294.07. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the company posted $1.91 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts expect that Travelers Companies will post 28 earnings per share for the current fiscal year.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.