Everest Group Increases Quarterly Dividend to $2.00

Rhea-AI Summary

Everest Group has announced an increase in its quarterly dividend from $1.75 to $2.00 per common share.

This increase will be effective for shareholders of record as of May 29, 2024, with payments made by June 14, 2024.

Everest is a global leader in reinsurance and insurance known for its disciplined underwriting and risk management, and its stock is part of the S&P 500 index.

Positive

• Quarterly dividend increased from $1.75 to $2.00 per share.
• Effective date for shareholders of record is May 29, 2024.
• Dividend payment date is on or before June 14, 2024.
• Everest has a strong 50-year track record in underwriting and risk management.
• Everest is a component of the S&P 500 index.

Negative

• None.

HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Group, Ltd. announced that its Board of Directors declared an increase in the regular quarterly dividend from $1.75 to $2.00 per common share. This dividend will be payable on or before June 14, 2024 to all shareholders of record as of May 29, 2024.

About Everest

Everest Group, Ltd. (Everest) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide.

Everest common stock (NYSE: EG) is a component of the S&P 500 index.

Additional information about Everest, our people, and our products can be found on our website at www.everestglobal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515914166/en/

Media: Dawn Lauer

Chief Communications Officer

908.300.7670

Investors: Matt Rohrmann

Head of Investor Relations

908.604.7343

Source: Everest Group, Ltd.

FAQ

What is the new quarterly dividend for Everest Group?

The new quarterly dividend for Everest Group is $2.00 per common share.

When will the Everest Group's new dividend be payable?

The new dividend will be payable on or before June 14, 2024.

What is the record date for Everest Group's increased dividend?

The record date for the increased dividend is May 29, 2024.

What was Everest Group's previous quarterly dividend?

Everest Group's previous quarterly dividend was $1.75 per common share.

Is Everest Group part of any major stock index?

Yes, Everest Group is a component of the S&P 500 index.