HCI Group Declares Q4 2021 Quarterly Cash Dividend
HCI Group, Inc. (NYSE:HCI) has declared a quarterly cash dividend of 40 cents per common share for Q4 2021, payable on December 17, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
HCI Group, Inc. (NYSE:HCI) has declared a quarterly cash dividend of 40 cents per common share for Q4 2021, payable on December 17, 2021. Shareholders of record by the close of business on November 19, 2021 will receive this dividend. The company operates in homeowners insurance, IT services, real estate, and reinsurance. Notably, its subsidiary TypTap Insurance Company is expanding its footprint in the insurance sector, driven by advanced technology from its software subsidiary, Exzeo USA, Inc.
Positive
- Quarterly cash dividend of 40 cents per share announced.
- Dividend payment date of December 17, 2021, boosts shareholder returns.
- TypTap Insurance Company expands nationwide, signaling growth potential.
Negative
- None.
Details
News Market Reaction – HCI
The recorded move for HCI in the trading session of this news was +3.97%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TAMPA, Fla., Oct. 21, 2021 (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 fourth quarter of 2021. The dividend will be paid December 17, 2021 to shareholders of record at the close of business November 19, 2021.
About HCI Group, Inc.
HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners insurance, information technology services, real estate, and reinsurance. 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.
Investor Relations Contact:
Matt Glover
Gateway Group, Inc.
Tel (949) 574-3860
HCI@gatewayir.com
Media Contact:
Jordan Schmidt
Gateway Group, Inc.
Tel (949) 386-6332
jordan@gatewayir.com
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