International General Insurance Holdings Ltd. (IGIC) To Go Ex-Dividend on August 18th

International General Insurance Holdings Ltd. (NASDAQ:IGIC) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.075 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 18th.

International General Insurance has increased its dividend by an average of 0.6%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. International General Insurance has a dividend payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect International General Insurance to earn $3.15 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 9.5%.

International General Insurance Stock Performance

Shares of NASDAQ:IGIC opened at $27.21 on Friday. The company’s 50-day moving average is $26.94 and its 200 day moving average is $25.71. The company has a market capitalization of $1.16 billion, a P/E ratio of 10.93 and a beta of 0.11. International General Insurance has a fifty-two week low of $20.82 and a fifty-two week high of $29.58.

International General Insurance (NASDAQ:IGIC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.17). International General Insurance had a net margin of 20.68% and a return on equity of 17.03%. The company had revenue of $143.50 million for the quarter, compared to the consensus estimate of $114.90 million. As a group, research analysts predict that International General Insurance will post 2.81 earnings per share for the current year.

International General Insurance Company Profile

International General Insurance (NASDAQ:IGIC) is a global specialty insurer and reinsurer focused on underwriting a diverse portfolio of property and casualty risks. Headquartered in Pembroke, Bermuda, the company provides tailored risk solutions across a broad range of industry sectors. IGIC operates within the excess and surplus lines market, leveraging specialized expertise to cover complex and hard-to-place risks that fall outside the scope of standard commercial insurance.

Founded in 1988, IGIC has grown its product offering to include marine, energy, aviation, construction, professional liability and credit & surety lines.