Employers Holdings, Inc. (NYSE:EIG – Get Free Report) announced a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Stockholders of record on Wednesday, August 14th will be given a dividend of 0.30 per share by the financial services provider on Wednesday, August 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, August 14th.
Employers has increased its dividend payment by an average of 3.2% annually over the last three years. Employers has a payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Employers to earn $3.63 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 33.1%.
Employers Trading Down 3.6 %
NYSE EIG traded down $1.73 during trading on Thursday, hitting $46.28. The company had a trading volume of 152,024 shares, compared to its average volume of 135,867. The company’s fifty day moving average is $43.04 and its 200-day moving average is $43.21. Employers has a one year low of $36.65 and a one year high of $49.00. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 9.85 and a beta of 0.24.
Insider Buying and Selling
In other Employers news, insider Ann Marie Smith sold 1,764 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $41.26, for a total transaction of $72,782.64. Following the sale, the insider now directly owns 6,741 shares in the company, valued at approximately $278,133.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.
About Employers
Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.
See Also
- Five stocks we like better than Employers
- How to Find Undervalued Stocks
- First Solar Stock: The Dawn of a New Rally in Share Prices
- How to Effectively Use the MarketBeat Ratings Screener
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Using the MarketBeat Dividend Yield Calculator
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for Employers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers and related companies with MarketBeat.com's FREE daily email newsletter.