Navigator Holdings Ltd. Declares Quarterly Dividend of $0.07 (NYSE:NVGS)

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.07 per share by the shipping company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

Navigator has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Navigator to earn $2.27 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 12.3%.

Navigator Trading Down 1.9%

Shares of NVGS stock opened at $21.39 on Wednesday. The company has a market capitalization of $1.32 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.08 and a beta of 0.46. Navigator has a 12-month low of $14.08 and a 12-month high of $24.36. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $21.32 and a 200 day moving average price of $20.58.

Navigator (NYSE:NVGS) last issued its quarterly earnings data on Tuesday, August 4th. The shipping company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.32. The firm had revenue of $167.94 million for the quarter, compared to analysts’ expectations of $139.46 million. Navigator had a net margin of 18.84% and a return on equity of 7.01%. Research analysts forecast that Navigator will post 1.7 earnings per share for the current fiscal year.

About Navigator

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).