National General Holdings Corp. Announces Dividends on Common and Preferred Stock
National General Holdings Corp. (Nasdaq: NGHC) announced a quarterly dividend payment for its common and preferred stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
National General Holdings Corp. (Nasdaq: NGHC) announced a quarterly dividend payment for its common and preferred stock. Shareholders will receive a cash dividend of $0.05 per share on common stock and various preferred stock dividends including $0.46875 for Series A, and $18.75 for Series B and C per share. These dividends will be payable on October 15, 2020, to shareholders of record as of October 1, 2020. The company holds an A- financial strength rating from A.M. Best, specializing in niche personal lines insurance.
Positive
- Quarterly dividend of $0.05 per share for common stock enhances shareholder income.
- Preferred stock dividends provide attractive returns of $0.46875 (Series A) and $18.75 (Series B and C) per share.
- A.M. Best's A- rating indicates financial stability and reliability.
Negative
- None.
Details
News Market Reaction – NGHC
The recorded move for NGHC in the trading session of this news was +0.56%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, July 31, 2020 (GLOBE NEWSWIRE) -- National General Holdings Corp. (Nasdaq:NGHC) today announced that its Board of Directors approved quarterly dividends on the company's common and preferred stock as follows:
- A cash dividend on the company's common stock of
$0.05 per share. - A cash dividend on the company's
7.50% Non-Cumulative Preferred Stock, Series A, in the amount of$0.46875 per share. - A cash dividend on the company's
7.50% Non-Cumulative Preferred Stock, Series B, in the amount of$18.75 per share (equivalent to$0.46875 per Depositary Share). - A cash dividend on the company's
7.50% Non-Cumulative Preferred Stock, Series C, in the amount of$18.75 per share (equivalent to$0.46875 per Depositary Share).
The dividends on the company’s common and preferred stock will be payable on October 15, 2020 to shareholders of record as of October 1, 2020.
About National General Holdings Corp.
National General Holdings Corp., headquartered in New York City, is a specialty personal lines insurance holding company. National General traces its roots to 1939, has a financial strength rating of A- (excellent) from A.M. Best, and provides personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, supplemental health, and other niche insurance products.
Investor Contact
Clifford Gallant
SVP of Capital Strategy and Investor Relations
Phone: 212-380-9462
Email: Clifford.Gallant@NGIC.com
FAQ
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