James River Group Holdings, Ltd. (NASDAQ:JRVR) Plans $0.01 Quarterly Dividend

James River Group Holdings, Ltd. (NASDAQ:JRVR) declared a quarterly dividend on Monday, November 3rd. Shareholders of record on Monday, December 15th will be paid a dividend of 0.01 per share by the insurance provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, December 15th.

James River Group has decreased its dividend by an average of 0.3%annually over the last three years. James River Group has a payout ratio of 3.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect James River Group to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.2%.

James River Group Price Performance

James River Group stock traded up $0.69 during mid-day trading on Tuesday, reaching $5.86. The company had a trading volume of 129,070 shares, compared to its average volume of 258,029. The stock’s 50-day simple moving average is $5.41 and its 200-day simple moving average is $5.45. James River Group has a 1 year low of $3.00 and a 1 year high of $6.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $268.86 million, a P/E ratio of -1.85 and a beta of 0.03.

James River Group (NASDAQ:JRVR) last released its quarterly earnings results on Monday, November 3rd. The insurance provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. James River Group had a negative return on equity of 1.97% and a negative net margin of 13.50%.The business had revenue of $172.74 million for the quarter, compared to analysts’ expectations of $179.21 million. On average, equities analysts predict that James River Group will post -0.35 EPS for the current year.

James River Group Company Profile

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance services. It operates through Excess and Surplus Lines, and Specialty Admitted Insurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance in the United States Puerto Rice, and the United States Virgin Islands.