Navigator Holdings Ltd. (NYSE:NVGS) Plans Quarterly Dividend of $0.07

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Tuesday, November 4th. Shareholders 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 yield of 1.7%. The ex-dividend date 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. 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

NYSE NVGS traded up $0.20 on Wednesday, hitting $16.58. 55,502 shares of the company’s stock were exchanged, compared to its average volume of 351,765. The stock has a 50-day moving average of $15.88 and a 200-day moving average of $15.09. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.70. Navigator has a 52 week low of $10.55 and a 52 week high of $17.52. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 13.05 and a beta of 0.63.

Navigator (NYSE:NVGS) last released its earnings results on Tuesday, November 4th. The shipping company reported $0.36 earnings per share 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 firm had revenue of $153.09 million during the quarter, compared to analysts’ expectations of $133.84 million. Analysts expect that Navigator will post 1.25 earnings per share for the current year.

Institutional Trading of Navigator

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System bought a new stake in Navigator during the second quarter valued at $29,000. Legal & General Group Plc bought a new stake in Navigator during the second quarter valued at $42,000. Ameritas Investment Partners Inc. bought a new stake in Navigator during the second quarter valued at $47,000. Osaic Holdings Inc. boosted its position in Navigator by 21,406.3% during the second quarter. Osaic Holdings Inc. now owns 3,441 shares of the shipping company’s stock valued at $49,000 after acquiring an additional 3,425 shares during the last quarter. Finally, CWM LLC bought a new stake in Navigator during the third quarter valued at $52,000. 18.95% of the stock is currently owned by institutional investors and hedge funds.

About Navigator

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.