AMERISAFE Declares Special Dividend for Shareholders
AMERISAFE, Inc. (Nasdaq: AMSF), known for its focus on providing workers’ compensation insurance primarily in high-hazard industries, has made an exciting announcement that will please its shareholders. The company’s Board of Directors has officially declared a special cash dividend of $3.00 per share.
Details About the Dividend
This generous special cash dividend is set to be payable to shareholders of record as of December 6, 2024. Shareholders can expect to receive their dividend on December 13, 2024. This exciting announcement comes alongside the declaration of a regular quarterly dividend of $0.37 per share, also payable on December 13, 2024, to those who hold shares as of the same record date.
Company Leadership's Insights
G. Janelle Frost, the President and Chief Executive Officer of AMERISAFE, expressed enthusiasm regarding the special dividend. She stated, "We are pleased to declare this special dividend, highlighting our consistent underwriting expertise and financial discipline. Delivering value to shareholders by returning excess capital through special dividends is a key element of AMERISAFE’s long-term capital management strategy." This statement reinforces the company's commitment to maintaining a strong connection with its shareholders while promoting financial stability.
Historic Perspective on Dividends
Looking back over the past twelve years, AMERISAFE has demonstrated a robust commitment to returning value to its shareholders. The company has declared an impressive total of $47.37 per share in dividends during this period. This figure includes $11.12 in regular dividends and $36.25 in special dividends, showcasing a strong track record of shareholder returns.
Focus on High-Hazard Industries
AMERISAFE caters specifically to small and mid-sized employers engaged in industries that are considered high-hazard, including construction, trucking, logging and lumber, agriculture, and manufacturing. The company is actively marketing its services in 27 states, ensuring a broad reach and commitment to these critical industries.
Future Outlook
As AMERISAFE continues to navigate the challenges inherent in the workers’ compensation insurance market, it remains focused on achieving sustainable growth and enhancing shareholder value. With a proactive approach in managing excess capital, the recent declarations of special and regular dividends illustrate that the company is not only dedicated to its current shareholders but is also strategically positioning itself for future success.
Frequently Asked Questions
What is the amount of the special dividend declared by AMERISAFE?
The special dividend declared by AMERISAFE is $3.00 per share.
When will the special dividend be payable?
The special dividend will be payable on December 13, 2024, to shareholders of record as of December 6, 2024.
What is the regular quarterly dividend amount?
The Board also declared a regular quarterly dividend of $0.37 per share, payable on the same date as the special dividend.
What industries does AMERISAFE focus on?
AMERISAFE focuses on providing workers’ compensation insurance primarily for high-hazard industries including construction, trucking, logging, agriculture, and manufacturing.
What has been AMERISAFE's total dividend distribution over the last twelve years?
Over the past twelve years, AMERISAFE has declared a total of $47.37 per share in dividends, which consists of regular and special dividends.
