Heritage Insurance Holdings Inc to Issue Quarterly Dividend of $0.06 (NYSE:HRTG)
Heritage Insurance Holdings Inc (NYSE:HRTG) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.06 per share by the insurance provider on Thursday, October 3rd. This represents a $0.24 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, September 13th.
Heritage Insurance has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Heritage Insurance to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 15.0%.
HRTG stock traded up $0.51 during mid-day trading on Wednesday, reaching $14.88. 4,761 shares of the stock traded hands, compared to its average volume of 143,375. The firm has a market capitalization of $421.86 million, a PE ratio of 10.84 and a beta of 0.74. The business has a 50-day moving average of $13.99 and a two-hundred day moving average of $14.62. Heritage Insurance has a 52 week low of $12.85 and a 52 week high of $16.95. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.30.
Heritage Insurance Company Profile
Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance.
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