AXIS Capital Declares Quarterly Dividends

Rhea-AI Summary

AXIS Capital Holdings Limited (NYSE:AXS) has declared a quarterly dividend of $0.42 per common share, payable on April 15, 2021, to shareholders of record by March 31, 2021. Additionally, a dividend of $34.375 per Series E 5.50% Preferred Share (or $0.34375 per depositary share) will also be distributed on the same date to eligible shareholders. With shareholders' equity at $5.3 billion as of December 31, 2020, AXIS Capital maintains strong ratings of A+ from Standard & Poor's and A from A.M. Best.

Positive

• Quarterly dividend of $0.42 per common share highlights a commitment to returning value to shareholders.
• Solid financial foundation with shareholders' equity of $5.3 billion.

Negative

• None.

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.42 per common share payable on April 15, 2021, to shareholders of record at the close of business on March 31, 2021.

In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share (equivalent to $0.34375 per depositary share) payable on April 15, 2021, to shareholders of record at the close of business on March 31, 2021.

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity at December 31, 2020, of $5.3 billion and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210218005982/en/

FAQ

What is the dividend amount declared by AXIS Capital?

AXIS Capital has declared a dividend of $0.42 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 15, 2021.

What are the record date requirements for the dividend?

Shareholders must be on record by March 31, 2021, to receive the dividend.

What is the dividend for the Series E Preferred Shares?

The dividend for the Series E Preferred Shares is $34.375 per share, equivalent to $0.34375 per depositary share.

What are AXIS Capital's financial ratings?

AXIS Capital holds an A+ rating from Standard & Poor's and an A rating from A.M. Best.