HCI Group, Inc. (HCI) to Issue Quarterly Dividend of $0.40 on September 18th

HCI Group, Inc. (NYSE:HCI) announced a quarterly dividend on Wednesday, July 8th. Investors of record on Friday, August 21st will be given a dividend of 0.40 per share by the insurance provider on Friday, September 18th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st.

HCI Group has a payout ratio of 10.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect HCI Group to earn $19.63 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 8.2%.

HCI Group Price Performance

NYSE:HCI opened at $184.84 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.03. HCI Group has a 52 week low of $144.75 and a 52 week high of $210.50. The stock’s 50-day moving average price is $176.94 and its 200-day moving average price is $164.38. The stock has a market capitalization of $2.30 billion, a PE ratio of 7.97 and a beta of 1.04.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.04 by $0.56. The business had revenue of $246.65 million during the quarter, compared to the consensus estimate of $247.43 million. HCI Group had a return on equity of 28.80% and a net margin of 32.60%. As a group, equities analysts expect that HCI Group will post 19.47 EPS for the current fiscal year.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.