Fidelis Insurance Holdings Limited (FIHL) to Issue Quarterly Dividend of $0.15 on December 23rd

by · The Markets Daily

Fidelis Insurance Holdings Limited (NYSE:FIHL – Get Free Report) announced a quarterly dividend on Monday, November 3rd. Investors of record on Wednesday, December 10th will be paid a dividend of 0.15 per share on Tuesday, December 23rd. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, December 10th.

Fidelis Insurance has a dividend payout ratio of 16.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelis Insurance to earn $3.81 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 15.7%.

Fidelis Insurance Stock Performance

Shares of FIHL opened at $18.07 on Monday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -361.30 and a beta of 0.25. The business’s fifty day simple moving average is $18.41 and its two-hundred day simple moving average is $17.28. Fidelis Insurance has a 12 month low of $14.17 and a 12 month high of $20.08. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.35.

Fidelis Insurance (NYSE:FIHL – Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.02. Fidelis Insurance had a negative return on equity of 0.94% and a negative net margin of 0.56%.The firm had revenue of $651.90 million for the quarter, compared to the consensus estimate of $676.79 million. Research analysts anticipate that Fidelis Insurance will post 3.12 earnings per share for the current fiscal year.

About Fidelis Insurance

(Get Free Report)

Fidelis Insurance Holdings Limited, a specialty insurer, provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in three segments: Specialty, Reinsurance, and Bespoke segments. The Specialty segment offers aviation and aerospace, energy, marine, property direct and facultative, and other specialty risk solutions.

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