HCI Group Declares Quarterly Cash Dividend
The board of directors of HCI Group, Inc. (NYSE: HCI) has officially declared a quarterly cash dividend of 40 cents per common share. This significant fiscal commitment is poised to benefit shareholders as the payment date is set for December, which aligns with the year's end financial cycle.
Dividend Payment Details
Shareholders of record will receive their dividends on December 19, coinciding with the company's robust fiscal strategy. The record date for eligibility to receive the dividend is designated as November 21. This proactive approach indicates HCI Group’s dedication to rewarding its investors, reflecting confidence in its financial stability and ongoing growth.
About HCI Group, Inc.
HCI Group is a diversified holding company engaged in two principal operations. The first arm consists of a portfolio of four high-performing insurance subsidiaries, alongside a captive reinsurance entity that manages risk efficiently within the industry. Meanwhile, the Exzeo Group leads in insurance technology using advanced analytics and algorithms to enhance underwriting processes. This innovative sector aims to fundamentally transform established insurance practices.
Stock Market Position
The company's stock is traded under the ticker symbol 'HCI' on the New York Stock Exchange and is recognized as part of both the Russell 2000 and the S&P SmallCap 600 Index. This inclusion acknowledges HCI Group as a notable entity within the competitive landscape of small-cap organizations, reflecting investor confidence and market interest.
Company Information
HCI Group, Inc. maintains an informative presence in the investor relations community by regularly providing financial data and growth updates. Interested parties can access this information through the Investor Information section on the company’s corporate website. For further inquiries regarding operations, the company encourages engagement through provided contact points.
Company Contacts
For investors seeking more information, HCI Group has designated communication channels. Bill Broomall, CFA, helms the investor relations team, available at wbroomall@exzeo.com for direct inquiries and support. Additionally, for extensive investment-related questions, reach out to Matt Glover at Gateway Group, Inc., who can be contacted at 949-574-3860.
Future Outlook
The management of HCI Group expresses optimism about its ongoing initiatives and strategic advancements within the insurance and technology sectors. The company's recent endeavors showcase an ambition to innovate and adapt in a rapidly evolving market landscape, giving stakeholders confidence in future growth and earnings potential.
Frequently Asked Questions
What is the dividend amount declared by HCI Group?
HCI Group has declared a cash dividend of 40 cents per common share.
When will the dividend be paid?
The dividend is scheduled to be paid on December 19 to shareholders on record as of November 21.
What does HCI Group operate?
HCI Group operates in insurance through its insurance subsidiaries, and it also has a technology arm with Exzeo Group for insurance technology innovations.
How does HCI's stock perform in the market?
HCI Group’s stock is traded under the ticker symbol 'HCI' and is included in the Russell 2000 and S&P SmallCap 600 Index, indicating significant recognition in the small-cap sector.
Who can I contact for investor relations inquiries?
For investor relations, you can contact Bill Broomall, CFA, at wbroomall@exzeo.com or Matt Glover at Gateway Group, Inc.
