Navigator Holdings Ltd. Reports Earnings Beat and Increases Quarterly Dividend
1 report, 1 independent
Updated Wed 00:00
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What happened
Navigator Holdings Ltd. reported quarterly earnings of $0.41 per share, surpassing the consensus estimate of $0.40. The company also declared a quarterly dividend of $0.08 per share, which represents a 14.3% increase from the previous dividend of $0.07.
From themarketsdaily.com
Why it matters
The dividend payout ratio stands at 17.8%, meaning the dividend is sufficiently covered by earnings. Analysts expect Navigator Holdings Ltd. to earn $1.85 per share next year, which would project a future payout ratio of 15.1%.
From themarketsdaily.com
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