Navigator Holdings Ltd. (NVGS) to Issue Quarterly Dividend of $0.05 on December 17th

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.05 per share by the shipping company on Tuesday, December 17th. This represents a $0.20 annualized dividend and a yield of 1.23%. The ex-dividend date is Monday, November 25th.

Navigator has a payout ratio of 11.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Navigator to earn $1.64 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.2%.

Navigator Stock Performance

NYSE NVGS opened at $16.32 on Friday. The company has a market cap of $1.19 billion, a P/E ratio of 14.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.75 and a quick ratio of 0.71. The stock has a 50-day moving average of $16.02 and a two-hundred day moving average of $16.37. Navigator has a 1-year low of $13.85 and a 1-year high of $18.18.

Analysts Set New Price Targets

NVGS has been the subject of several research reports. Citigroup started coverage on Navigator in a research report on Wednesday, July 31st. They issued a “buy” rating and a $22.00 target price for the company. Clarkson Capital upgraded Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, August 22nd. Alliance Global Partners started coverage on Navigator in a research note on Monday, October 28th. They issued a “buy” rating and a $24.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Navigator in a research note on Friday. Finally, StockNews.com upgraded Navigator from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $21.60.

About Navigator

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.