International General Insurance Holdings Ltd. (IGIC) to Issue Annual Dividend of $1.15 on April 6th

International General Insurance Holdings Ltd. (NASDAQ:IGIC) announced an annual dividend on Wednesday, February 25th. Shareholders of record on Wednesday, March 18th will be paid a dividend of 1.15 per share on Monday, April 6th. This represents a dividend yield of 460.0%. The ex-dividend date is Wednesday, March 18th.

International General Insurance has increased its dividend payment by an average of 0.6%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. International General Insurance has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect International General Insurance to earn $3.03 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 6.6%.

International General Insurance Trading Down 0.9%

NASDAQ IGIC opened at $23.51 on Monday. International General Insurance has a 12 month low of $20.82 and a 12 month high of $27.63. The stock has a 50-day simple moving average of $24.71 and a 200 day simple moving average of $24.02. The company has a market capitalization of $1.05 billion, a PE ratio of 8.19 and a beta of 0.15.

International General Insurance (NASDAQ:IGIC) last posted its earnings results on Tuesday, February 24th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.08. International General Insurance had a net margin of 24.61% and a return on equity of 16.98%. The company had revenue of $126.40 million for the quarter, compared to analyst estimates of $116.40 million. As a group, sell-side analysts predict that International General Insurance will post 3.18 earnings per share for the current fiscal year.

International General Insurance Company Profile

International General Insurance (NASDAQ:IGIC) is a global specialty insurer and reinsurer focused on underwriting a diverse portfolio of property and casualty risks. Headquartered in Pembroke, Bermuda, the company provides tailored risk solutions across a broad range of industry sectors. IGIC operates within the excess and surplus lines market, leveraging specialized expertise to cover complex and hard-to-place risks that fall outside the scope of standard commercial insurance.

Founded in 1988, IGIC has grown its product offering to include marine, energy, aviation, construction, professional liability and credit & surety lines.