Everest Group, Ltd. (EG) to Distribute Quarterly Dividend of $2.00 on September 25th

Everest Group, Ltd. (NYSE:EG) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, September 9th will be given a dividend of 2.00 per share on Friday, September 25th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, September 9th.

Everest Group has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Everest Group has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Everest Group to earn $59.47 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 13.5%.

Everest Group Stock Performance

NYSE EG opened at $366.20 on Friday. The firm has a market cap of $14.04 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 0.72 and a beta of 0.29. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $362.40 and its 200-day moving average is $345.23. Everest Group has a 12-month low of $302.44 and a 12-month high of $401.07.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $14.85 EPS for the quarter, topping analysts’ consensus estimates of $14.52 by $0.33. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same period last year, the company earned $16.10 earnings per share. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. Sell-side analysts predict that Everest Group will post 53.13 earnings per share for the current year.

About Everest Group

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.