SiriusPoint Announces Dividend on Series B Preference Shares

Rhea-AI Summary

SiriusPoint Ltd. (NYSE: SPNT) has announced a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B. This dividend is payable on May 31, 2022 to shareholders on record as of May 16, 2022. With over $3 billion in total capital and a financial strength rating of A- (Excellent), SiriusPoint operates globally, offering solutions in property, casualty, and accident & health insurance.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend of $0.50 per share enhances shareholder income.
• Strong financial position with over $3 billion in total capital.
• Financial strength rating of A- (Excellent) from AM Best, S&P, and Fitch.

Negative

• None.

News Market Reaction – SPNT

-1.48%

1 alert

-1.48% News Effect

On the day this news was published, SPNT declined 1.48%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAMILTON, Bermuda, May 04, 2022 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), an international specialty insurer and reinsurer, has announced that the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on May 31, 2022 to Series B shareholders of record as of May 16, 2022.

About SiriusPoint

SiriusPoint is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices in New York, London, Stockholm and other locations around the world, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and technology-driven insurance services companies within our Insurance & Services segment. With over $3 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com. 

SiriusPoint Contacts

Investor Relations
Clare Kerrigan, SiriusPoint
clare.kerrigan@siriuspt.com
+44 7970695959

Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk
+44 7718882011

 

FAQ

What is the dividend amount for SPNT in May 2022?

SiriusPoint announced a dividend amount of $0.50 per share for May 2022.

When will the dividend for SiriusPoint be paid?

The dividend will be paid on May 31, 2022.

What is the record date for the SPNT dividend?

The record date for the SPNT dividend is May 16, 2022.

What is SiriusPoint's financial strength rating?

SiriusPoint has a financial strength rating of A- (Excellent) from AM Best, S&P, and Fitch.