Axis Capital Holdings Limited (NYSE:AXS) to Issue $0.44 Quarterly Dividend

Key Points

• Axis Capital Holdings Limited has declared a quarterly dividend of $0.44 per share, payable on October 17th to shareholders of record on September 30th, representing a yield of 1.9%.
• The company reported $3.29 earnings per share for the last quarter, exceeding analysts' expectations by $0.41, and achieved a revenue of $1.63 billion.
• Axis Capital maintains a low payout ratio of 14.1%, which suggests it can comfortably sustain its annual dividend of $1.76 in the future.

Axis Capital Holdings Limited (NYSE:AXS - Get Free Report) declared a quarterly dividend on Wednesday, September 17th. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.44 per share by the insurance provider on Friday, October 17th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, September 30th.

Axis Capital has a payout ratio of 14.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Axis Capital to earn $12.33 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 14.3%.

Axis Capital Stock Down 0.1%

Shares of NYSE AXS traded down $0.08 during midday trading on Monday, reaching $95.28. 247,003 shares of the company's stock were exchanged, compared to its average volume of 694,802. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $7.45 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. Axis Capital has a 52-week low of $77.21 and a 52-week high of $107.19. The business's fifty day moving average price is $96.79 and its two-hundred day moving average price is $97.91.

Axis Capital (NYSE:AXS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The insurance provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.41. Axis Capital had a return on equity of 18.77% and a net margin of 14.30%.The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $2.93 earnings per share. The business's revenue was up 12.6% on a year-over-year basis. Analysts forecast that Axis Capital will post 11.19 EPS for the current year.

Axis Capital Company Profile

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism.