Navigator Holdings Ltd. (NVGS) To Go Ex-Dividend on August 19th

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.07 per share by the shipping company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, August 19th.

Navigator has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Navigator to earn $2.27 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 12.3%.

Navigator Stock Performance

NVGS opened at $20.64 on Thursday. Navigator has a 12-month low of $14.08 and a 12-month high of $24.36. The stock’s 50 day moving average price is $21.28 and its two-hundred day moving average price is $20.59. The firm has a market capitalization of $1.27 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 1.06 and a beta of 0.46. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 0.59.

Navigator (NYSE:NVGS) last posted its quarterly earnings results on Tuesday, August 4th. The shipping company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.32. Navigator had a net margin of 22.80% and a return on equity of 10.50%. The company had revenue of $167.94 million for the quarter, compared to analyst estimates of $139.46 million. On average, equities analysts forecast that Navigator will post 1.7 earnings per share for the current year.

About Navigator

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).