International General Insurance Holdings Ltd. (IGIC) To Go Ex-Dividend on May 28th

International General Insurance Holdings Ltd. (NASDAQ:IGIC) declared a quarterly dividend on Thursday, May 14th. Investors of record on Thursday, May 28th will be paid a dividend of 0.075 per share on Thursday, June 11th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, May 28th. This is a 50.0% increase from International General Insurance’s previous quarterly dividend of $0.05.

International General Insurance has raised its dividend payment by an average of 0.6%per year over the last three years and has raised its dividend every year for the last 2 years. International General Insurance has a dividend payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect International General Insurance to earn $3.20 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 6.3%.

International General Insurance Stock Down 0.7%

Shares of NASDAQ:IGIC opened at $24.87 on Friday. International General Insurance has a 52-week low of $20.82 and a 52-week high of $27.43. The stock has a market cap of $1.07 billion, a P/E ratio of 8.98 and a beta of 0.14. The business’s 50 day moving average is $24.98 and its 200 day moving average is $24.53.

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 analysts’ consensus estimates of $0.72 by $0.08. The company had revenue of $126.40 million during the quarter, compared to analyst estimates of $116.40 million. International General Insurance had a return on equity of 17.68% and a net margin of 23.68%. On average, sell-side analysts anticipate that International General Insurance will post 2.8 EPS for the current fiscal year.

About International General Insurance

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.