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

James River Group Holdings, Ltd. (NASDAQ:JRVR) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.01 per share by the insurance provider on Thursday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, December 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. Equities analysts expect James River Group to earn $0.68 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 5.9%.

James River Group Stock Performance

Shares of JRVR stock opened at $3.77 on Tuesday. The stock has a market cap of $174.36 million, a P/E ratio of 9.92 and a beta of -0.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.63 and a quick ratio of 0.63. The company has a fifty day moving average price of $3.79 and a two-hundred day moving average price of $4.93. James River Group has a one year low of $3.36 and a one year high of $7.20.

James River Group (NASDAQ:JRVR) last released its quarterly earnings data on Monday, November 9th. The insurance provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.27). The firm had revenue of $147.71 million for the quarter, compared to analyst estimates of $134.80 million. James River Group had a return on equity of 9.93% and a net margin of 4.68%. As a group, equities analysts predict that James River Group will post 0.65 EPS for the current year.

About James River Group

James River Group Holdings, Ltd. (NASDAQ: JRVR) is a specialty insurance holding company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides commercial casualty insurance and reinsurance products to businesses and other insurance organizations.

The company’s operations have included excess and surplus lines insurance, specialty admitted insurance and casualty reinsurance. Its products are designed for risks that may require customized underwriting or coverage that is not readily available through standard commercial insurance markets.