Maiden Holdings Increases Quarterly Dividend on Common Shares by 12.5% and Declares Dividend on Preference Shares
HAMILTON, Bermuda, Nov 7, 2012 (GlobeNewswire via COMTEX) --
Maiden Holdings, Ltd. (Nasdaq:MHLD) today announced that its Board of Directors approved a quarterly cash dividend of $0.09 per share of common stock, an increase of 12.5% from the previous rate. The dividend will be payable on January 15, 2013 to shareholders of record as of January 2, 2013.
Maiden's Board of Directors also approved a cash dividend on its 8.25% Non-Cumulative Perpetual Preference Shares of $0.5385 per Preference Share. The dividend will be payable on December 17, 2012 to shareholders of record as of December 1, 2012.
About Maiden Holdings, Ltd.
Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007. Through its subsidiaries, which are each A- rated (excellent) by A.M. Best, the Company is focused on providing non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies in the United States and Europe. As of September 30, 2012, Maiden had $3.9 billion in assets and shareholders' equity of $1.0 billion.
The Maiden Holdings, Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/ pkgid=5006
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Maiden Holdings, Ltd.
CONTACT: Noah Fields, Vice President, Investor Relations
Maiden Holdings, Ltd.
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