Navigator Holdings Ltd. (NYSE:NVGS) Declares Quarterly Dividend of $0.07

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.07 per share by the shipping company on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 20th.

Navigator has a payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Navigator to earn $1.57 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 17.8%.

Navigator Trading Up 0.0%

Shares of NVGS opened at $22.60 on Thursday. The stock has a market cap of $1.47 billion, a PE ratio of 15.27, a P/E/G ratio of 1.63 and a beta of 0.45. Navigator has a 12 month low of $12.91 and a 12 month high of $23.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.18 and a quick ratio of 1.12. The stock’s 50-day moving average is $20.13 and its two-hundred day moving average is $18.53.

Navigator (NYSE:NVGS) last issued its quarterly earnings results on Wednesday, May 6th. The shipping company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $140.62 million during the quarter, compared to the consensus estimate of $136.97 million. Navigator had a return on equity of 6.35% and a net margin of 17.06%. Equities analysts forecast that Navigator will post 1.16 earnings per share for the current fiscal year.

Navigator Company Profile

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).