International General Insurance Holdings Ltd. Plans Quarterly Dividend of $0.07 (NASDAQ:IGIC)

International General Insurance Holdings Ltd. (NASDAQ:IGIC) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.075 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, August 18th.

International General Insurance has increased its dividend payment by an average of 0.6%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. International General Insurance has a dividend payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect International General Insurance to earn $3.15 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 9.5%.

International General Insurance Trading Up 0.5%

IGIC stock opened at $28.01 on Wednesday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 10.11 and a beta of 0.11. International General Insurance has a 12 month low of $20.82 and a 12 month high of $29.58. The firm has a 50-day moving average price of $26.60 and a 200-day moving average price of $25.57.

International General Insurance (NASDAQ:IGIC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.17). The company had revenue of $143.50 million during the quarter, compared to analyst estimates of $114.90 million. International General Insurance had a net margin of 23.68% and a return on equity of 17.68%. As a group, equities analysts predict that International General Insurance will post 2.88 EPS for the current fiscal year.

International General Insurance Company Profile

International General Insurance (NASDAQ:IGIC) is a global specialty insurer and reinsurer focused on underwriting a diverse portfolio of property and casualty risks. Headquartered in Pembroke, Bermuda, the company provides tailored risk solutions across a broad range of industry sectors. IGIC operates within the excess and surplus lines market, leveraging specialized expertise to cover complex and hard-to-place risks that fall outside the scope of standard commercial insurance.

Founded in 1988, IGIC has grown its product offering to include marine, energy, aviation, construction, professional liability and credit & surety lines.