Enstar Group Limited Announces Quarterly Preference Share Dividends
Enstar Group Limited (Nasdaq: ESGR) announced cash dividends for its Series D and Series E preference shares.
Sentiment and the balance of points
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Rhea-AI Summary
Enstar Group Limited (Nasdaq: ESGR) announced cash dividends for its Series D and Series E preference shares. Shareholders will receive $0.43750 per depositary share for both Series D and Series E, with dividends payable on March 1, 2021, to those on record by February 15, 2021. The Series D and E shares have a fixed-to-floating rate and a perpetual non-cumulative structure, both yielding 7.00%. Enstar, a global insurance leader since 2001, focuses on innovative capital release solutions.
Positive
- Cash dividends announced provide income for shareholders.
- Confidence in financial stability with 7.00% dividend yield.
Negative
- Potential risks associated with forward-looking statements amid market volatility.
Details
News Market Reaction – ESGR
The recorded move for ESGR in the trading session of this news was +0.80%.
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HAMILTON, Bermuda, Feb. 05, 2021 (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
Dividends on Enstar’s Series E
About Enstar
Enstar is a NASDAQ-listed leading global insurance group that offers innovative 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 100 companies and portfolios since its formation in 2001. 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, including the ongoing COVID-19 pandemic and the related uncertainty and volatility in the financial markets. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2019 and in our Form 10-Q for the three and nine months ended September 30, 2020 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
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