Navigator Holdings Ltd. (NVGS) to Issue Quarterly Dividend of $0.05 on April 3rd

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.05 per share by the shipping company on Thursday, April 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Monday, March 24th.

Navigator has a payout ratio of 10.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Navigator to earn $1.67 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 12.0%.

Navigator Price Performance

Navigator stock opened at $13.92 on Friday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 12.32 and a beta of 1.39. Navigator has a 1 year low of $13.47 and a 1 year high of $18.18. The business has a 50-day moving average of $15.73 and a 200-day moving average of $15.78. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45.

Navigator (NYSE:NVGS) last posted its earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The company had revenue of $144.03 million during the quarter, compared to analyst estimates of $120.87 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. On average, equities analysts anticipate that Navigator will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Navigator in a research report on Wednesday, March 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Navigator has a consensus rating of “Buy” and an average price target of $21.60.

Navigator Company Profile

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.