Employers Holdings Inc (NYSE:EIG) Plans $0.34 Quarterly Dividend

Employers Holdings Inc (NYSE:EIG) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Wednesday, August 12th will be paid a dividend of 0.34 per share by the financial services provider on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 12th.

Employers has raised its dividend 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 38.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Employers to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 57.9%.

Employers Stock Performance

NYSE:EIG opened at $49.55 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.14. Employers has a twelve month low of $35.73 and a twelve month high of $52.06. The company has a fifty day moving average of $47.85 and a 200-day moving average of $44.20. The firm has a market capitalization of $903.83 million, a P/E ratio of 150.16 and a beta of 0.46.

Employers (NYSE:EIG) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.13. The business had revenue of $220.20 million for the quarter, compared to analyst estimates of $203.51 million. Employers had a net margin of 0.95% and a return on equity of 1.10%. Employers’s revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, sell-side analysts anticipate that Employers will post 2.15 EPS for the current year.

Employers Company Profile

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.