Navigator Holdings Ltd. (NVGS) to Issue Quarterly Dividend of $0.05 on December 17th

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

Navigator has a payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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

NVGS stock opened at $15.68 on Friday. The firm has a 50-day simple moving average of $16.00 and a two-hundred day simple moving average of $16.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.19. Navigator has a one year low of $13.72 and a one year high of $18.18. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 13.88 and a beta of 1.50.

Navigator (NYSE:NVGS) last released its quarterly earnings results on Wednesday, August 14th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Navigator had a net margin of 14.76% and a return on equity of 7.35%. The business had revenue of $129.55 million for the quarter, compared to analyst estimates of $117.92 million. On average, equities analysts forecast that Navigator will post 1.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NVGS. Clarkson Capital upgraded Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, August 22nd. Citigroup began coverage on shares of Navigator in a research note on Wednesday, July 31st. They set a “buy” rating and a $22.00 price target on the stock. DNB Markets initiated coverage on shares of Navigator in a research note on Thursday, September 12th. They set a “buy” rating and a $22.00 price objective for the company. Jefferies Financial Group restated a “buy” rating and issued a $20.00 target price on shares of Navigator in a research note on Thursday. Finally, Alliance Global Partners began coverage on Navigator in a research note on Monday, October 28th. They set a “buy” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.