International General Insurance Holdings Ltd. (IGIC) to Issue Quarterly Dividend of $0.08 on June 11th

International General Insurance Holdings Ltd. (NASDAQ:IGIC – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Investors of record on Thursday, May 28th will be given a dividend of 0.075 per share on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 28th. This is a 50.0% increase from International General Insurance’s previous quarterly dividend of $0.05.

International General Insurance has raised its dividend by an average of 0.6%annually 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 9.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect International General Insurance to earn $3.20 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 9.4%.

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International General Insurance Stock Performance

NASDAQ IGIC opened at $25.31 on Tuesday. International General Insurance has a twelve month low of $20.82 and a twelve month high of $27.43. The stock has a market capitalization of $1.08 billion, a PE ratio of 9.14 and a beta of 0.14. The stock has a 50-day simple moving average of $25.11 and a 200 day simple moving average of $24.70.

International General Insurance (NASDAQ:IGIC – Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. International General Insurance had a return on equity of 17.68% and a net margin of 23.68%.The business had revenue of $126.40 million during the quarter, compared to analysts’ expectations of $116.40 million. As a group, equities research analysts forecast that International General Insurance will post 2.8 EPS for the current fiscal year.

About International General Insurance

(Get Free Report)

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.

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