HCI Group, Inc. (NYSE:HCI) to Issue Quarterly Dividend of $0.40

HCI Group, Inc. (NYSE:HCI) announced a quarterly dividend on Wednesday, July 8th. Investors of record on Friday, August 21st will be given a dividend of 0.40 per share by the insurance provider on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, August 21st.

HCI Group has a dividend payout ratio of 10.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect HCI Group to earn $18.38 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 8.7%.

HCI Group Stock Performance

HCI Group stock opened at $179.66 on Thursday. HCI Group has a 12-month low of $136.37 and a 12-month high of $210.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.89 and a beta of 1.03. The firm’s fifty day moving average price is $162.03 and its 200 day moving average price is $163.95.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The company had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. On average, research analysts forecast that HCI Group will post 18.07 EPS for the current fiscal year.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.