Enstar Group Limited Announces Quarterly Preference Share Dividends

Rhea-AI Summary

Enstar Group (Nasdaq: ESGR) has declared quarterly cash dividends for its Series D and Series E preference shares. The company will pay $0.43750 per depositary share for both series, with each depositary share representing a 1/1,000th interest in the respective preference shares. Both dividends will be payable on December 1, 2024 to shareholders of record as of November 15, 2024. The Series D shares are 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative, while the Series E shares are 7.00% Perpetual Non-Cumulative.

Positive

• Consistent dividend payment maintained at $0.43750 per depositary share
• Timely dividend announcement demonstrates financial stability

Negative

• None.

HAMILTON, Bermuda, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that it will pay cash dividends on its Series D and Series E preference shares.

Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series D Preference Share) will be payable on December 1, 2024 to shareholders of record on November 15, 2024.

Dividends on Enstar’s Series E 7.00% Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series E Preference Share) will be payable on December 1, 2024 to shareholders of record on November 15, 2024.

About Enstar

Enstar is a NASDAQ-listed leading global insurance group that offers capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia and other international locations. A market leader in completing legacy acquisitions, Enstar has acquired over 120 companies and portfolios since its formation. For further information about Enstar, see www.enstargroup.com.

Cautionary Statement

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the intent, belief or current expectations of Enstar and its management team. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2023 and in our Quarterly Report on Form 10-Q for the interim period ended June 30, 2024 and are incorporated herein by reference. Furthermore, Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law.

Contact: Enstar Communications
Telephone: +1 (441) 292-3645

FAQ

What is the dividend amount for Enstar Group's (ESGR) Series D and E preference shares in Q4 2024?

Enstar Group will pay $0.43750 per depositary share for both Series D and Series E preference shares.

When is the payment date for Enstar Group's (ESGR) preference share dividends announced in November 2024?

The dividend payment date is December 1, 2024, for both Series D and Series E preference shares.

What is the record date for Enstar Group's (ESGR) latest preference share dividend announcement?

The record date is November 15, 2024, for both Series D and Series E preference shares.

What is the dividend rate for Enstar Group's (ESGR) Series D and E preference shares?

Both Series D and Series E preference shares carry a 7.00% rate, with Series D being Fixed-to-Floating Rate and Series E being Perpetual Non-Cumulative.