Employers Holdings Inc (EIG) To Go Ex-Dividend on November 12th

Employers Holdings Inc (NYSE:EIG) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.34 per share by the financial services provider on Thursday, December 3rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, November 12th.

Employers has a dividend payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Employers to earn $2.27 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 59.9%.

Employers Stock Performance

Shares of NYSE EIG opened at $47.55 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.37 and a quick ratio of 0.39. Employers has a one year low of $37.44 and a one year high of $53.51. The business’s 50-day moving average price is $49.27 and its two-hundred day moving average price is $45.96. The company has a market capitalization of $834.08 million, a P/E ratio of 18.30 and a beta of 0.50.

Employers (NYSE:EIG) last announced its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.59 by $0.12. Employers had a return on equity of 5.82% and a net margin of 3.49%. The business had revenue of $189.30 million during the quarter, compared to analysts’ expectations of $191.46 million. During the same quarter in the previous year, the business posted ($1.10) EPS. Analysts anticipate that Employers will post 2.28 earnings per share for the current fiscal year.

About Employers

Employers Holdings, Inc (NYSE:EIG) is an insurance holding company specializing in workers’ compensation coverage for small and midsize businesses. Through its insurance subsidiaries, the company provides policies designed to cover workplace injuries, related medical expenses, rehabilitation, and wage-replacement benefits.

In addition to underwriting workers’ compensation insurance, Employers offers claims management, workplace-safety and loss-control services, risk-management resources, and policyholder support.