International General Insurance Holdings Ltd. (NASDAQ:IGIC – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.075 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 18th.
International General Insurance has increased its dividend by an average of 0.6%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. International General Insurance has a payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Analysts expect International General Insurance to earn $3.15 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 9.5%.
International General Insurance Trading Up 0.5%
NASDAQ IGIC opened at $28.01 on Wednesday. International General Insurance has a 1-year low of $20.82 and a 1-year high of $29.58. The firm’s fifty day simple moving average is $26.60 and its 200-day simple moving average is $25.57. The company has a market capitalization of $1.19 billion, a PE ratio of 10.11 and a beta of 0.11.
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.
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