Axis Capital Holdings Limited Plans Quarterly Dividend of $0.44 (NYSE:AXS)

Axis Capital Holdings Limited (NYSE:AXS) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.44 per share by the insurance provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, December 31st.

Axis Capital has increased its dividend by an average of 0.0%annually over the last three years. Axis Capital has a dividend payout ratio of 14.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Axis Capital to earn $12.33 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 14.3%.

Axis Capital Stock Up 0.0%

AXS stock opened at $99.62 on Friday. Axis Capital has a twelve month low of $83.90 and a twelve month high of $107.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.67 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.96 and a beta of 0.65. The business’s 50-day simple moving average is $96.90 and its 200 day simple moving average is $98.18.

Axis Capital (NYSE:AXS) last posted its quarterly earnings results on Wednesday, October 29th. The insurance provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.72 by $0.53. Axis Capital had a return on equity of 18.99% and a net margin of 16.08%.The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm posted $2.71 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts anticipate that Axis Capital will post 11.19 earnings per share for the current year.

Axis Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.