Maiden Holdings Increases Quarterly Dividend on Common Shares by 22% and Declares Dividends on Preference Shares
November 06 2013 - 4:35PM
Maiden Holdings, Ltd. (Nasdaq:MHLD) today announced that its Board
of Directors approved a quarterly cash dividend of $0.11 per share
of common stock, an increase of $0.02 per share or 22% from the
previous rate. The dividend will be payable on January 15, 2014 to
shareholders of record as of January 2, 2014.
Additionally, Maiden's Board of Directors approved a cash
dividend on its Series A 8.25% Non-Cumulative Preference Shares of
$0.515625 per Preference Share. The dividend will be payable on
December 16, 2013 to shareholders of record as of December 1,
2013.
Maiden's Board of Directors also approved a cash dividend on its
Series B 7.25% Mandatory Convertible Preference Shares of
$0.7451389 per Preference Share. The dividend will be payable
on December 16, 2013 to shareholders of record as of December 1,
2013.
About Maiden Holdings, Ltd.
Maiden Holdings, Ltd. is a Bermuda-based holding company formed
in 2007. Through its subsidiaries, which are each A- rated
(excellent) by A.M. Best, the Company is focused on providing
non-catastrophic, customized reinsurance products and services to
small and mid-size insurance companies in the United States and
Europe. As of September 30, 2013, Maiden had $4.4 billion in
assets and shareholders' equity of $973.5 million.
The Maiden Holdings, Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5006
CONTACT: Noah Fields, Vice President, Investor Relations
Maiden Holdings, Ltd.
Phone: 441.298.4927
E-mail: nfields@maiden.bm
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