SiriusPoint Announces Dividend on Series B Preference Shares
Sentiment and the balance of points
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Rhea-AI Summary
SiriusPoint (NYSE: SPNT), an international specialty insurer and reinsurer, has announced a quarterly cash dividend on its 8.00% Resettable Fixed Rate Preference Shares, Series B. The dividend is set at $0.50 per share, with a liquidation preference of $25.00 per share. The dividend will be payable on August 30, 2024 to Series B shareholders of record as of August 15, 2024. This decision was approved by the Audit Committee of SiriusPoint's Board of Directors, demonstrating the company's commitment to providing returns to its preference shareholders.
Positive
- Consistent dividend payment indicates financial stability
- 8.00% dividend yield on preference shares is attractive for income-focused investors
Negative
- None.
Details
News Market Reaction – SPNT
The recorded move for SPNT in the trading session of this news was +2.17%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), an international specialty insurer and reinsurer, has announced that the Audit Committee of the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of
About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, 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 Program Administrators. With over
Contacts
Investor Relations
Sarah Singh, VP, Strategy and Investor Relations
sarah.singh@siriuspt.com
+1 646 884 4310
Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk
+ 44 7718882011
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