Enstar Group Limited Announces Quarterly Preference Share Dividends

Rhea-AI Summary

Enstar Group Limited (Nasdaq: ESGR) has declared cash dividends for its Series D and Series E preference shares. The dividends are set at $0.43750 per depositary share for both Series D and E, representing a 7.00% fixed-to-floating rate and a 7.00% perpetual non-cumulative rate, respectively. These payments will be made on March 1, 2023, to shareholders of record as of February 15, 2023. Enstar continues to be a leader in the insurance sector, focusing on innovative capital release solutions and having acquired over 110 companies and portfolios since its inception in 2001.

Positive

• Declaring cash dividends of $0.43750 per depositary share enhances shareholder income.
• Consistent dividend payments demonstrate company confidence in financial stability.

Negative

• None.

HAMILTON, Bermuda, Feb. 03, 2023 (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 March 1, 2023 to shareholders of record on February 15, 2023.

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 March 1, 2023 to shareholders of record on February 15, 2023.

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

What is the dividend amount for Enstar Group (ESGR) in 2023?

The dividend amount for Enstar Group (ESGR) is $0.43750 per depositary share for both Series D and Series E.

When will the dividends be paid to shareholders of Enstar Group (ESGR)?

The dividends will be paid on March 1, 2023.

What is the record date for the dividend payment for Enstar Group (ESGR)?

The record date for the dividend payment is February 15, 2023.

What is the dividend frequency for Enstar Group (ESGR)?

The dividends for the Series D and E preference shares are non-cumulative, meaning they will be paid at designated intervals as declared.

How much has Enstar Group (ESGR) paid in dividends historically?

Enstar Group (ESGR) has consistently paid dividends, reflecting its ongoing commitment to returning value to shareholders.