Enstar Group Limited Announces Quarterly Preference Share Dividends

Rhea-AI Summary

Enstar Group Limited (Nasdaq: ESGR) announced cash dividends for its Series D and Series E preference shares. Shareholders of record by August 15, 2022, will receive dividends of $0.43750 per depositary share on September 1, 2022. Both Series D and E preference shares yield 7.00%. Enstar is a leading insurance group specializing in capital release solutions, having completed over 110 acquisitions since its formation in 2001. For more information, visit Enstar's website.

Positive

• Dividends of $0.43750 per depositary share for Series D and E preference shares boost shareholder income.
• 7.00% yield on preference shares indicates strong financial management and confidence.

Negative

• None.

HAMILTON, Bermuda, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that it will pay cash dividends on its Series D and Series E preference shares.

Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series D Preference Share) will be payable on September 1, 2022 to shareholders of record on August 15, 2022.

Dividends on Enstar’s Series E 7.00% Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series E Preference Share) will be payable on September 1, 2022 to shareholders of record on August 15, 2022.

About Enstar

Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. A market leader in completing legacy acquisitions, Enstar has acquired over 110 companies and portfolios since its formation in 2001. For further information about Enstar, see www.enstargroup.com.

Cautionary Statement

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the intent, belief or current expectations of Enstar and its management team. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2021 and are incorporated herein by reference. Furthermore, Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law.

Contact: Enstar Communications
Telephone: +1 (441) 292-3645

 

FAQ

When will Enstar Group pay dividends for ESGR preference shares?

Enstar Group will pay dividends on September 1, 2022.

What is the dividend amount for ESGR Series D and E preference shares?

The dividend amount is $0.43750 per depositary share.

What is the yield for Enstar's preference shares?

The yield for both Series D and Series E preference shares is 7.00%.

Who is eligible for the ESGR dividends?

Shareholders of record by August 15, 2022, are eligible for the dividends.