Navigators Group Inc (NASDAQ:NAVG) declared a dividend on Thursday, May 9th, Fidelity reports. Investors of record on Monday, May 20th will be given a dividend of 0.07 per share by the insurance provider on Tuesday, June 4th. The ex-dividend date of this dividend is Friday, May 17th.
Navigators Group has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Navigators Group to earn $3.00 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 9.3%.
NAVG opened at $69.90 on Friday. Navigators Group has a one year low of $56.65 and a one year high of $71.45. The company has a market capitalization of $2.09 billion, a P/E ratio of 23.60 and a beta of 0.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38.
About Navigators Group
The Navigators Group, Inc, together with its subsidiaries, underwrites marine, property and casualty, and professional liability insurance products and services in the United States and internationally. The company operates through the U.S. Insurance, International Insurance, and Global Reinsurance segments.
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