Everest Group, Ltd. (NYSE:EG) to Issue $2.00 Quarterly Dividend

Everest Group, Ltd. (NYSE:EG) declared a quarterly dividend on Wednesday, May 13th. Stockholders of record on Friday, June 12th will be given a dividend of 2.00 per share on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, June 12th.

Everest Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Everest Group has a dividend payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Everest Group to earn $59.96 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 13.3%.

Everest Group Trading Down 1.1%

NYSE:EG opened at $347.78 on Thursday. The firm has a market cap of $13.76 billion, a P/E ratio of 7.07, a PEG ratio of 0.26 and a beta of 0.35. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $334.99 and its 200-day simple moving average is $329.55. Everest Group has a 12-month low of $302.44 and a 12-month high of $368.29.

Everest Group (NYSE:EG) last released its earnings results on Monday, March 23rd. The company reported $16.08 earnings per share (EPS) for the quarter. The business had revenue of $4.07 billion for the quarter. Everest Group had a return on equity of 14.70% and a net margin of 11.76%. Equities analysts anticipate that Everest Group will post 52.71 EPS for the current year.

About Everest Group

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.