AMERISAFE Declares Special Dividend of $3.50 Per Share and Regular Quarterly Dividend

Rhea-AI Summary

AMERISAFE, Inc. (AMSF) has declared a special cash dividend of $3.50 per share, payable on November 18, 2020, to shareholders of record as of November 11, 2020. Additionally, a regular quarterly dividend of $0.27 per share will be paid on December 18, 2020, to shareholders of record by December 4, 2020. Over the past eight years, AMERISAFE has issued a total of $27.63 per share in dividends, showcasing its commitment to shareholder returns amidst market challenges.

Positive

• Declaration of a special cash dividend of $3.50 per share, enhancing shareholder income.
• Regular quarterly dividend of $0.27 per share demonstrates continued commitment to returning capital to shareholders.
• Total dividends paid over eight years amounts to $27.63 per share, indicating strong financial health.

Negative

• None.

DERIDDER, La., Oct. 28, 2020 (GLOBE NEWSWIRE) -- AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced that its Board of Directors had declared a special cash dividend of $3.50 per share.

The special cash dividend will be payable on November 18, 2020 to shareholders of record as of November 11, 2020. The Board of Directors also declared a regular quarterly dividend of $0.27 per share, payable on December 18, 2020 to shareholders of record as of December 4, 2020.

“Our long-term commitment to underwriting discipline throughout the insurance cycle allowed us to strengthen our balance sheet, while returning significant capital to our shareholders.  We are pleased to announce this extraordinary dividend in an unprecedented time in the market,” said G. Janelle Frost, President and Chief Executive Officer.

Over the past eight years, the Company has declared $27.63 per share in dividends, comprising $5.88 in regular dividends and $21.75 in special dividends per share.

More information on the dividend and information on the company’s third quarter earnings can be found in AMERISAFE’s accompanying earnings release issued today.

ABOUT AMERISAFE

AMERISAFE, Inc. is a specialty provider of workers’ compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, and agriculture. AMERISAFE actively markets workers’ compensation insurance in 27 states.

FAQ

What is the amount of the special dividend declared by AMERISAFE (AMSF)?

The special dividend declared by AMERISAFE is $3.50 per share.

When will the special cash dividend be paid to AMERISAFE shareholders?

The special cash dividend will be paid on November 18, 2020.

What is the regular quarterly dividend amount for AMERISAFE (AMSF)?

The regular quarterly dividend amount is $0.27 per share.

When is the payment date for the regular quarterly dividend of AMERISAFE?

The regular quarterly dividend will be paid on December 18, 2020.

How much has AMERISAFE returned to shareholders in dividends over the past eight years?

AMERISAFE has returned $27.63 per share in dividends over the past eight years.