International General Insurance Holdings Ltd. (NASDAQ:IGIC) Announces Quarterly Dividend of $0.03

International General Insurance Holdings Ltd. (NASDAQ:IGIC) announced a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Stockholders of record on Tuesday, December 3rd will be given a dividend of 0.025 per share on Wednesday, December 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Tuesday, December 3rd.

International General Insurance has decreased its dividend payment by an average of 23.7% annually over the last three years. International General Insurance has a dividend payout ratio of 3.3% meaning its dividend is sufficiently covered by earnings.

International General Insurance Trading Up 1.4 %

Shares of IGIC stock traded up $0.34 during trading hours on Monday, hitting $25.07. The company’s stock had a trading volume of 185,106 shares, compared to its average volume of 78,431. The company has a 50 day moving average of $20.20 and a 200 day moving average of $17.07. The stock has a market cap of $1.15 billion, a PE ratio of 8.33 and a beta of 0.21. International General Insurance has a 12-month low of $11.35 and a 12-month high of $25.50.

International General Insurance (NASDAQ:IGIC) last posted its earnings results on Tuesday, November 5th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.11. The firm had revenue of $138.10 million during the quarter. International General Insurance had a net margin of 26.24% and a return on equity of 22.78%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price objective on shares of International General Insurance from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

International General Insurance Company Profile

International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, motor, marine liability, contingency, marine, treaty, and casualty insurance and reinsurance.