Maiden Holdings North America, Ltd. (NYSE:MHNC) Shares Set to Pay Quarterly Dividend of $0.48

Maiden Holdings North America, Ltd. (NYSE:MHNC) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Sunday, November 15th will be paid a dividend of $0.4844 per share on Tuesday, December 1st. This represents a $1.94 annualized dividend and a yield of 18.4%. The ex-dividend date is Friday, November 13th. This is a 0.0% decrease from Maiden Holdings North America’s previous quarterly dividend of $0.4844.

Maiden Holdings North America Stock Down 0.1%

Maiden Holdings North America stock traded down $0.01 during mid-day trading on Friday, hitting $10.54. 21,370 shares of the company’s stock traded hands, compared to its average volume of 4,690. Maiden Holdings North America has a one year low of $10.09 and a one year high of $17.99. The firm has a 50 day moving average price of $11.14 and a 200 day moving average price of $12.02.

Maiden Holdings North America, Ltd. is a subsidiary of Maiden Holdings, Ltd., a Bermuda-based specialty insurance and reinsurance group. The company has historically served as a holding company for Maiden’s North American reinsurance operations, including its U.S.-based operating subsidiaries.

Through its affiliated companies, Maiden provided property and casualty reinsurance to insurance carriers and other specialty insurance businesses. Its offerings historically included quota-share and excess-of-loss reinsurance, with exposure to lines such as personal and commercial automobile, workers’ compensation, and other specialty risks.

Maiden’s North American operations have undergone significant changes as the parent company reduced underwriting activity and focused on managing legacy liabilities and runoff business.