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

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Thursday, March 13th, Wall Street Journal reports. Investors 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 yield of 1.46%. The ex-dividend date of this dividend is Monday, March 24th.

Navigator has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of Navigator stock traded down $0.19 during trading hours on Thursday, hitting $13.69. 359,434 shares of the company’s stock traded hands, compared to its average volume of 215,847. Navigator has a 12-month low of $13.55 and a 12-month high of $18.18. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 12.11 and a beta of 1.39. The company has a fifty day simple moving average of $16.05 and a 200-day simple moving average of $15.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71.

Navigator (NYSE:NVGS) last posted its quarterly earnings results on Wednesday, March 12th. The shipping company reported $0.38 earnings per share 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 the consensus estimate of $120.87 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%. Equities research analysts anticipate that Navigator will post 1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and issued a $20.00 target price on shares of Navigator in a research note on Wednesday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Navigator presently has a consensus rating of “Buy” and a consensus 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.