HCI Group Declares Q1 2022 Quarterly Cash Dividend
The board of directors of HCI Group has declared a quarterly cash dividend of 40 cents per share for Q1 2022.
Sentiment and the balance of points
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Rhea-AI Summary
The board of directors of HCI Group has declared a quarterly cash dividend of 40 cents per share for Q1 2022. This dividend will be paid on March 18, 2022, to shareholders recorded by the close of business on February 18, 2022. HCI Group operates in homeowners insurance, information technology services, real estate, and reinsurance sectors, with its insurance segment led by TypTap Insurance Company. The company trades under the ticker HCI on the NYSE.
Positive
- Dividend declared at 40 cents per share increases shareholder income.
- HCI Group's diverse operations in insurance and technology show strong market presence.
Negative
- None.
Details
News Market Reaction – HCI
The recorded move for HCI in the trading session of this news was -0.19%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TAMPA, Fla., Jan. 21, 2022 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the first quarter of 2022. The dividend will be paid March 18, 2022 to shareholders of record at the close of business February 18, 2022.
About HCI Group, Inc.
HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners insurance, reinsurance, real estate and information technology services. HCI’s leading insurance operation, TypTap Insurance Company, is a rapidly growing, technology-driven insurance company that is expanding nationwide to provide homeowners and flood insurance. TypTap’s operations are powered in large part by insurance-related information technology developed by HCI’s software subsidiary, Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides homeowners’ insurance primarily in Florida. HCI’s real estate subsidiary, Greenleaf Capital, LLC, owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.
The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.
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