Navigator Holdings Ltd. Declares Quarterly Dividend of $0.05 (NYSE:NVGS)

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.05 per share by the shipping company on Tuesday, December 17th. This represents a $0.20 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, November 25th.

Navigator has a payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Navigator to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.7%.

Navigator Stock Performance

Shares of NVGS stock traded down $0.31 during trading on Thursday, reaching $15.68. 397,832 shares of the company’s stock were exchanged, compared to its average volume of 200,482. Navigator has a twelve month low of $13.72 and a twelve month high of $18.18. The firm’s fifty day moving average price is $16.01 and its 200-day moving average price is $16.32. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.15 billion, a PE ratio of 13.79 and a beta of 1.50.

Navigator (NYSE:NVGS) last released its quarterly earnings data on Wednesday, August 14th. The shipping company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $129.55 million for the quarter, compared to the consensus estimate of $117.92 million. Navigator had a net margin of 14.76% and a return on equity of 7.35%. As a group, sell-side analysts anticipate that Navigator will post 1.38 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVGS. Clarkson Capital upgraded Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, August 22nd. StockNews.com downgraded Navigator from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. DNB Markets initiated coverage on Navigator in a research report on Thursday, September 12th. They set a “buy” rating and a $22.00 price objective on the stock. Citigroup started coverage on Navigator in a report on Wednesday, July 31st. They set a “buy” rating and a $22.00 target price for the company. Finally, Alliance Global Partners assumed coverage on shares of Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.60.

About Navigator

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.