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

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 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Monday, March 24th.

Navigator has a dividend 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

NYSE:NVGS opened at $13.92 on Friday. The stock has a fifty day moving average of $15.73 and a 200 day moving average of $15.78. Navigator has a 52-week low of $13.47 and a 52-week high of $18.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.71 and a current ratio of 0.75. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.32 and a beta of 1.39.

Navigator (NYSE:NVGS) last released its quarterly earnings data on Wednesday, March 12th. The shipping company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. The firm had revenue of $144.03 million for the quarter, compared to the consensus estimate of $120.87 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. On average, research analysts expect that Navigator will post 1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Navigator in a research report on Wednesday, March 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average 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.