Ryan Specialty Holdings Inc. (NYSE:RYAN) Declares $0.12 Quarterly Dividend

Key Points

• Ryan Specialty Holdings Inc. has declared a quarterly dividend of $0.12 per share, scheduled for payment on August 26th to shareholders of record on August 12th.
• The company has a strong dividend payout ratio of 18.8%, indicating that its dividend is well-covered by earnings, with expected future earnings of $2.77 per share.
• Recently, Ryan Specialty's stock experienced significant trading activity, with a closing price of $57.97 after a decline of $3.22 during trading.

Ryan Specialty Holdings Inc. (NYSE:RYAN - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Stockholders of record on Tuesday, August 12th will be paid a dividend of 0.12 per share on Tuesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, August 12th.

Ryan Specialty has a payout ratio of 18.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ryan Specialty to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 17.3%.

Ryan Specialty Stock Performance

Shares of NYSE RYAN traded up $0.19 during mid-day trading on Tuesday, hitting $58.01. The company had a trading volume of 277,877 shares, compared to its average volume of 1,055,095. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 165.82, a PEG ratio of 1.57 and a beta of 0.64. Ryan Specialty has a 12 month low of $55.77 and a 12 month high of $77.16. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.01 and a quick ratio of 1.05. The firm's 50 day simple moving average is $66.25 and its two-hundred day simple moving average is $68.16.

Ryan Specialty (NYSE:RYAN - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.66 earnings per share for the quarter, hitting analysts' consensus estimates of $0.66. Ryan Specialty had a net margin of 6.81% and a return on equity of 48.70%. The firm had revenue of $855.17 million during the quarter, compared to analysts' expectations of $837.52 million. During the same period last year, the firm posted $0.58 earnings per share. The firm's revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, equities research analysts forecast that Ryan Specialty will post 2.29 earnings per share for the current year.

About Ryan Specialty

Ryan Specialty Holdings, Inc operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, Europe, and Singapore. It offers distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.