Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Investors of record on Monday, March 24th will be given a dividend of 0.05 per share by the shipping company on Thursday, April 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, March 24th.
Navigator has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance
Shares of NYSE NVGS traded up $0.33 during trading on Monday, hitting $14.01. The company had a trading volume of 353,360 shares, compared to its average volume of 222,897. The company has a market cap of $1.02 billion, a P/E ratio of 12.39 and a beta of 1.39. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. The business's 50-day moving average is $15.96 and its 200 day moving average is $15.86. Navigator has a 52 week low of $13.47 and a 52 week high of $18.18.
Navigator (NYSE:NVGS - Get Free Report) last announced its earnings results on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. Navigator had a net margin of 14.48% and a return on equity of 7.40%. The company had revenue of $144.03 million during the quarter, compared to analysts' expectations of $120.87 million. Equities research analysts predict that Navigator will post 1.25 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reiterated a "buy" rating and set a $20.00 price objective on shares of Navigator in a report on Wednesday, March 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Navigator presently has an average rating of "Buy" and an average target price of $21.60.
View Our Latest Report on Navigator
About Navigator
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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.
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