Employers Holdings, Inc. Plans Quarterly Dividend of $0.22 (NYSE:EIG)

Employers Holdings, Inc. (NYSE:EIG) declared a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Stockholders of record on Wednesday, August 7th will be paid a dividend of 0.22 per share by the financial services provider on Wednesday, August 21st. This represents a $0.88 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, August 6th.

Employers has raised its dividend by an average of 49.4% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Employers has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Employers to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 39.1%.

Shares of NYSE:EIG opened at $43.20 on Monday. Employers has a 12 month low of $39.31 and a 12 month high of $47.97. The company has a market capitalization of $1.38 billion, a P/E ratio of 10.51 and a beta of 0.74. The company’s 50-day moving average price is $43.35.

Employers (NYSE:EIG) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.41. The company had revenue of $204.30 million during the quarter, compared to the consensus estimate of $206.19 million. Employers had a net margin of 19.82% and a return on equity of 12.98%. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, equities research analysts forecast that Employers will post 2.73 earnings per share for the current year.

In other Employers news, SVP Lawrence S. Rogers sold 607 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $41.23, for a total value of $25,026.61. Following the sale, the senior vice president now owns 9,558 shares in the company, valued at $394,076.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. Boenning Scattergood restated a “buy” rating and issued a $50.00 price objective on shares of Employers in a report on Thursday, July 25th. Buckingham Research upgraded shares of Employers from an “underperform” rating to a “neutral” rating in a report on Friday, May 31st. Finally, Zacks Investment Research cut shares of Employers from a “strong-buy” rating to a “hold” rating in a report on Monday, July 29th.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels comprising its partners; and through national, regional, and local trade groups and associations, as well as directly to customers.

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Dividend History for Employers (NYSE:EIG)

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