Employers Holdings Inc (EIG) to Issue Quarterly Dividend of $0.34 on May 27th

Employers Holdings Inc (NYSE:EIGGet Free Report) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Wednesday, May 13th will be given a dividend of 0.34 per share by the financial services provider on Wednesday, May 27th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, May 13th. This is a 6.3% increase from Employers’s previous quarterly dividend of $0.32.

Employers has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Employers has a payout ratio of 36.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Employers to earn $2.40 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 53.3%.

Employers Stock Down 1.5%

EIG stock opened at $42.11 on Friday. The company’s 50 day simple moving average is $41.10 and its 200-day simple moving average is $41.62. The firm has a market capitalization of $784.47 million, a PE ratio of 127.60 and a beta of 0.48. Employers has a 12 month low of $35.73 and a 12 month high of $50.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.40 and a quick ratio of 0.40.

Employers (NYSE:EIGGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). The business had revenue of $207.60 million during the quarter, compared to analyst estimates of $213.04 million. Employers had a net margin of 0.95% and a return on equity of 1.05%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Equities analysts expect that Employers will post 2.17 earnings per share for the current fiscal year.

Employers News Roundup

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Employers Company Profile

(Get Free Report)

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.

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Dividend History for Employers (NYSE:EIG)

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