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International General Insurance Holdings Ltd. (NASDAQ:IGIC) to Issue Quarterly Dividend of $0.05
International General Insurance Holdings Ltd. (NASDAQ:IGIC) has declared a quarterly dividend of $0.05 per share, payable on March 31st to shareholders of record as of March 13th. The dividend represents a 0.8% yield and is well-covered by the company’s earnings, with analysts expecting a future payout ratio of 6.6%. IGIC also recently announced a stock buyback plan for $5.00 million in outstanding shares, signaling management’s belief that the stock is undervalued.