Fidelis Insurance Holdings Limited (NYSE:FIHL) to Issue Quarterly Dividend of $0.15

Fidelis Insurance Holdings Limited (NYSE:FIHL) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.15 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, March 16th.

Fidelis Insurance has a payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelis Insurance to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.7%.

Fidelis Insurance Stock Performance

Shares of FIHL stock opened at $18.68 on Friday. The stock’s 50-day moving average price is $19.15 and its 200 day moving average price is $18.62. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.81 billion, a PE ratio of 8.45 and a beta of 0.25. Fidelis Insurance has a 52-week low of $14.56 and a 52-week high of $20.50.

Fidelis Insurance (NYSE:FIHL) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.13. The company had revenue of $600.90 million during the quarter, compared to analysts’ expectations of $756.14 million. Fidelis Insurance had a return on equity of 8.62% and a net margin of 9.02%. As a group, equities research analysts forecast that Fidelis Insurance will post 3.12 EPS for the current year.

Fidelis Insurance declared that its Board of Directors has approved a share buyback program on Friday, February 20th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to buy up to 18% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.