James River Group Holdings, Ltd. (NASDAQ:JRVR) to Issue Quarterly Dividend of $0.01

James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Monday, August 10th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.01 per share by the insurance provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 15th.

James River Group has decreased its dividend payment by an average of 0.5%annually over the last three years. James River Group has a payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Analysts expect James River Group to earn $0.90 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 4.4%.

James River Group Price Performance

Shares of James River Group stock opened at $4.54 on Tuesday. The firm has a market cap of $209.92 million, a PE ratio of 13.35 and a beta of -0.20. James River Group has a twelve month low of $3.76 and a twelve month high of $7.20. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $4.37 and a 200 day moving average price of $5.43.

James River Group (NASDAQ:JRVR) last issued its quarterly earnings results on Monday, August 10th. The insurance provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). James River Group had a return on equity of 10.79% and a net margin of 4.34%.The business had revenue of $161.34 million for the quarter, compared to analysts’ expectations of $135.50 million. Sell-side analysts predict that James River Group will post 0.8 earnings per share for the current fiscal year.

About James River Group

James River Group Holdings, Ltd., through its subsidiaries, underwrites property and casualty insurance products primarily in the program, wholesale broker and retail broker markets. The company focuses on specialty P&C lines, offering binding authority and delegated underwriting solutions for niche sectors including professional liability, environmental, real estate and other tailored commercial risks. Operating under the James River brand, it provides both admitted and non-admitted insurance across multiple states.

Founded in 2014 and headquartered in Richmond, Virginia, James River Group has expanded through a combination of organic growth and strategic acquisitions.