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

International General Insurance Holdings Ltd. (NASDAQ:IGICGet Free Report) announced a quarterly dividend on Tuesday, May 14th, Zacks reports. Shareholders of record on Monday, June 3rd will be given a dividend of 0.025 per share on Thursday, June 20th. This represents a $0.10 annualized dividend and a yield of 0.70%. The ex-dividend date is Monday, June 3rd.

International General Insurance has decreased its dividend payment by an average of 23.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. International General Insurance has a payout ratio of 3.3% indicating that its dividend is sufficiently covered by earnings.

International General Insurance Stock Performance

NASDAQ IGIC opened at $14.35 on Friday. The company has a fifty day simple moving average of $13.82 and a 200 day simple moving average of $13.10. The company has a market cap of $661.10 million, a P/E ratio of 5.31 and a beta of 0.20. International General Insurance has a 1 year low of $8.52 and a 1 year high of $15.26.

International General Insurance (NASDAQ:IGICGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $130.10 million during the quarter. International General Insurance had a net margin of 25.26% and a return on equity of 28.24%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $15.00 price objective on shares of International General Insurance in a report on Thursday, March 14th.

Check Out Our Latest Analysis on International General Insurance

About International General Insurance

(Get Free Report)

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.

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Dividend History for International General Insurance (NASDAQ:IGIC)

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