Axis Capital Holdings Limited (AXS) to Issue Quarterly Dividend of $0.44 on April 15th

Axis Capital Holdings Limited (NYSE:AXS) announced a quarterly dividend on Thursday, February 26th. Investors of record on Tuesday, March 31st will be given a dividend of 0.44 per share by the insurance provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 31st.

Axis Capital has increased its dividend payment by an average of 0.0%annually over the last three years. Axis Capital has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Axis Capital to earn $12.33 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 14.3%.

Axis Capital Stock Performance

Shares of AXS stock opened at $105.78 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 3.11 and a beta of 0.63. Axis Capital has a 52 week low of $84.81 and a 52 week high of $110.34. The firm’s 50-day simple moving average is $104.09 and its two-hundred day simple moving average is $99.97.

Axis Capital (NYSE:AXS) last released its earnings results on Wednesday, January 28th. The insurance provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.28. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.33 billion. Axis Capital had a net margin of 15.37% and a return on equity of 18.90%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.38 EPS. As a group, equities analysts forecast that Axis Capital will post 11.19 earnings per share for the current year.

About Axis Capital

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.