Navigator Holdings Ltd. (NYSE:NVGS) to Issue Dividend Increase – $0.08 Per Share

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.08 per share by the shipping company on Thursday, December 3rd. This represents a $0.32 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 17th. This is a 14.3% increase from Navigator’s previous quarterly dividend of $0.07.

Navigator has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Navigator to earn $1.85 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 15.1%.

Navigator Price Performance

Shares of NYSE NVGS opened at $20.19 on Wednesday. Navigator has a twelve month low of $16.12 and a twelve month high of $25.48. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.51 and a beta of 0.55. The firm has a 50-day moving average of $22.69 and a two-hundred day moving average of $21.15.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Tuesday, November 3rd. The shipping company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $155.03 million during the quarter, compared to analyst estimates of $132.87 million. Navigator had a net margin of 22.80% and a return on equity of 10.45%. As a group, analysts expect that Navigator will post 1.77 earnings per share for the current fiscal year.

Key Navigator News

Here are the key news stories impacting Navigator this week:

• Positive Sentiment: Q3 earnings and revenue topped estimates. Navigator reported earnings of $0.41 per share, above the $0.40 consensus cited by MarketBeat, and revenue of $155.03 million versus expectations of $132.87 million. EPS was up from $0.36 a year earlier. The results offer evidence of stronger performance than analysts anticipated. Zacks Q3 earnings report MarketBeat earnings details
• Positive Sentiment: Quarterly dividend increased 14.3%. The company declared a dividend of $0.08 per share, up from $0.07, equivalent to $0.32 annually and a stated yield of 1.6%. The higher payout may appeal to income-focused investors. Dividend announcement
• Positive Sentiment: Analyst sentiment is favorable. A sell-side summary says NVGS is now rated “Moderate Buy,” which may provide additional support, although the report does not specify individual rating changes or price targets. Analyst rating summary

About Navigator

Navigator Holdings Ltd., operating under the name Navigator Gas, is a maritime transportation company that owns and operates a fleet of specialized gas carriers. The company transports liquefied petroleum gas (LPG), petrochemical gases such as ethylene and ethane, ammonia and other liquefied gases for energy, industrial and chemical customers.

Its fleet includes semi-refrigerated and fully pressurized vessels, as well as ethylene-capable carriers designed to handle cargoes requiring specialized containment and temperature controls.