Navigator Holdings Ltd. (NYSE:NVGS) Declares Quarterly Dividend of $0.05

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.05 per share by the shipping company on Thursday, April 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Monday, March 24th.

Navigator has a dividend payout ratio of 10.1% 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 Trading Down 1.3 %

NVGS stock traded down $0.19 during trading on Thursday, hitting $13.69. The company had a trading volume of 359,434 shares, compared to its average volume of 215,847. The stock has a market cap of $1.00 billion, a PE ratio of 12.11 and a beta of 1.39. The business has a 50-day moving average of $16.05 and a 200-day moving average of $15.90. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. Navigator has a one year low of $13.55 and a one year high of $18.18.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $120.87 million. 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 reissued a “buy” rating and issued a $20.00 price objective on shares of Navigator in a research report on Wednesday. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $21.60.

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.