SiriusPoint Declares Quarterly Dividend on Preference Shares
SiriusPoint Declares Quarterly Dividend on Preference Shares
SiriusPoint Ltd. has recently communicated an important decision that highlights its dedication to shareholders. In a proactive measure, the company's Audit Committee has approved a quarterly cash dividend of $0.50 per share. This dividend pertains to the 8.00% Resettable Fixed Rate Preference Shares, Series B, which hold a par value of $0.10 and a liquidation preference of $25.00 per share.
Key Dividend Details
This cash dividend is set to be distributed on or prior to the end of February, extending the rewarding relationship between SiriusPoint and its investors. Shareholders of record as of mid-February will be eligible to receive this payout, affirming the company’s commitment to returning value to its stockholders.
About SiriusPoint
SiriusPoint is recognized as a leading global underwriter specializing in both insurance and reinsurance products. By offering comprehensive solutions to clients and brokers worldwide, the company is well-positioned in the financial landscape. Based in Bermuda with numerous offices across strategic locations such as New York and London, SiriusPoint operates with an expansive global footprint.
Financial Strength and Capabilities
With over $3.0 billion in total capital, SiriusPoint commands a significant presence in the insurance market. Its operating companies boast impressive financial strength ratings, including an A- (Stable) rating from notable agencies such as AM Best, S&P, and Fitch, alongside an A3 (Stable) rating from Moody’s. This financial stability enhances the confidence of stakeholders and supports continued business growth.
Strategic Partnerships
The strength of SiriusPoint is further bolstered by its strategic partnerships with Managing General Agents and Program Administrators. These collaborations amplify the company's offering and distribution capabilities, allowing for a more comprehensive service delivery to clients across various sectors in the insurance industry.
Shareholder Commitment
Declaring dividends is a clear indicator of SiriusPoint's commitment to its shareholders. It reflects a robust operational performance and strategic financial management, both of which are crucial in maintaining investor confidence and support. The decision to offer dividends signifies that SiriusPoint not only delivers on its promises but also values the input and trust of its investors.
Contact Information
For any inquiries regarding investments or media relations, SiriusPoint encourages reaching out to their investor relations specialist, Liam Blackledge. Investors can contact him via email at liam.blackledge@siriuspt.com or via phone at +44 203 772 3082. For media engagements, Sarah Hills from Rein4ce is the point of contact, reachable at sarah.hills@rein4ce.co.uk or on +44 7718 882011.
Frequently Asked Questions
What is the amount of the declared dividend by SiriusPoint?
The declared dividend is $0.50 per share on the 8.00% Resettable Fixed Rate Preference Shares, Series B.
When is the dividend expected to be paid?
The dividend is expected to be paid on or prior to February 28, ensuring timely rewards for shareholders.
What are SiriusPoint's financial strength ratings?
SiriusPoint holds an A- (Stable) rating from AM Best, S&P, and Fitch, as well as an A3 (Stable) rating from Moody’s, indicating strong financial health.
Where is SiriusPoint headquartered?
SiriusPoint is headquartered in Bermuda, with additional offices located in important financial centers including New York and London.
Who should I contact for investor inquiries?
For investor inquiries, Liam Blackledge is the primary contact, reachable via email at liam.blackledge@siriuspt.com.
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