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

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Wednesday, March 11th. Shareholders of record on Monday, March 23rd will be given a dividend of 0.07 per share by the shipping company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, March 23rd.

Navigator has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Navigator to earn $1.67 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 16.8%.

Navigator Trading Down 1.1%

Navigator stock opened at $20.49 on Thursday. Navigator has a 52-week low of $10.55 and a 52-week high of $21.36. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.14 and a beta of 0.37. The firm has a 50-day moving average price of $18.99 and a two-hundred day moving average price of $17.45. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.60.

Navigator (NYSE:NVGS) last issued its quarterly earnings results on Wednesday, March 11th. The shipping company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). The business had revenue of $152.83 million for the quarter, compared to analyst estimates of $136.15 million. Navigator had a net margin of 17.85% and a return on equity of 6.83%. Sell-side analysts expect that Navigator will post 1.25 earnings per share for the current 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).