Fidelis Insurance Holdings Limited Declares Quarterly Dividend of $0.15 (NYSE:FIHL)

Fidelis Insurance Holdings Limited (NYSE:FIHL) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, June 15th will be given a dividend of 0.15 per share on Friday, June 26th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, June 15th.

Fidelis Insurance has a payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelis Insurance to earn $4.15 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.5%.

Fidelis Insurance Stock Up 0.1%

Shares of FIHL stock opened at $21.02 on Friday. The stock’s 50 day simple moving average is $19.68 and its 200 day simple moving average is $19.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 0.74. Fidelis Insurance has a twelve month low of $14.80 and a twelve month high of $21.50. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 9.51 and a beta of 0.36.

Fidelis Insurance (NYSE:FIHL) last posted its earnings results on Thursday, February 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13. The business had revenue of $600.90 million for the quarter, compared to analyst estimates of $756.14 million. Fidelis Insurance had a net margin of 9.02% and a return on equity of 8.62%. As a group, research analysts predict that Fidelis Insurance will post 3.19 EPS for the current year.

Fidelis Insurance declared that its board has authorized a share buyback program on Friday, February 20th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to buy up to 18% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda?incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.