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

International General Insurance Holdings Ltd. (NASDAQ:IGIC) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.075 per share on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, August 18th.

International General Insurance has increased its dividend by an average of 0.6%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. International General Insurance has a payout ratio of 9.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect International General Insurance to earn $3.15 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 9.5%.

International General Insurance Trading Up 0.5%

NASDAQ:IGIC opened at $28.01 on Wednesday. The stock has a 50 day simple moving average of $26.60 and a 200 day simple moving average of $25.57. The stock has a market cap of $1.19 billion, a P/E ratio of 10.11 and a beta of 0.11. International General Insurance has a 1-year low of $20.82 and a 1-year high of $29.58.

International General Insurance (NASDAQ:IGIC) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.17). The firm had revenue of $143.50 million during the quarter, compared to analyst estimates of $114.90 million. International General Insurance had a net margin of 23.68% and a return on equity of 17.68%. As a group, sell-side analysts forecast that International General Insurance will post 2.88 EPS for the current 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.