International General Insurance Holdings Ltd. (NASDAQ:IGIC) Shares Will Pay Quarterly Dividend of $0.07

International General Insurance Holdings Ltd. (NASDAQ:IGIC) declared a quarterly dividend on Monday, November 2nd. Investors of record on Tuesday, November 17th will be paid a dividend of $0.0750 per share on Wednesday, December 2nd. This represents a $0.30 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, November 17th.

International General Insurance has raised its dividend payment by an average of 0.6% per year over the last three years and has increased its dividend every year for the last 2 years. International General Insurance has a payout ratio of 9.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect International General Insurance to earn $3.12 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 9.6%.

International General Insurance Stock Up 0.7%

Shares of NASDAQ:IGIC opened at $25.02 on Wednesday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 10.05 and a beta of 0.05. International General Insurance has a 52 week low of $21.00 and a 52 week high of $29.58. The firm has a 50 day moving average of $25.20 and a 200 day moving average of $25.56.

International General Insurance (NASDAQ:IGIC) last posted its earnings results on Tuesday, November 3rd. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $140.00 million during the quarter, compared to analyst estimates of $121.50 million. International General Insurance had a return on equity of 17.03% and a net margin of 20.68%. On average, sell-side analysts expect that International General Insurance will post 2.57 EPS for the current year.

About International General Insurance

International General Insurance Holdings Ltd. (NASDAQ: IGIC) is a specialty insurance and reinsurance company that underwrites risks for commercial clients, brokers and other insurers. The company focuses on complex and specialized lines of business rather than broad consumer insurance products.

Its offerings include energy, property, engineering, marine, aviation, casualty, political violence and other specialty insurance products, along with treaty and facultative reinsurance. Coverage is designed for businesses and industries that may require tailored underwriting and risk-management solutions.

International General Insurance was established in 2001 and serves clients and insurance partners across international markets through underwriting operations in locations including Bermuda, London and Jordan.