Navigator Holdings Ltd. (NYSE:NVGS) Plans Quarterly Dividend of $0.05

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors 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. Equities 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

Shares of NYSE:NVGS opened at $16.32 on Friday. The firm has a market capitalization of $1.19 billion, a PE 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 business has a 50-day moving average of $16.02 and a two-hundred day moving average of $16.37. Navigator has a 12 month low of $13.85 and a 12 month high of $18.18.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NVGS shares. Citigroup started coverage on Navigator in a report on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price target on shares of Navigator in a report on Friday. DNB Markets started coverage on Navigator in a report on Thursday, September 12th. They issued a “buy” rating and a $22.00 price target for the company. StockNews.com raised Navigator from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Alliance Global Partners assumed coverage on Navigator in a report on Monday, October 28th. They set a “buy” rating and a $24.00 target price on the stock. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $21.60.

Navigator Company Profile

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.