Enstar Group Limited Announces Quarterly Preference Share Dividends

Rhea-AI Summary

Enstar Group Limited (Nasdaq: ESGR) has announced a cash dividend of $0.43750 per depositary share for its Series D and Series E preference shares. Both dividends, yielding 7.00%, are scheduled for payment on December 1, 2020, to shareholders of record as of November 15, 2020. Enstar, a global insurance group, is recognized for innovative capital release solutions and has completed over 100 acquisitions since its inception in 2001.

Positive

• Announcement of cash dividends of $0.43750 per depositary share for Series D and E preference shares, enhancing shareholder returns.
• Stable 7.00% yield on dividends reflects company confidence in financial performance.

Negative

• None.

HAMILTON, Bermuda, Nov. 05, 2020 (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 December 1, 2020 to shareholders of record on November 15, 2020.

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 December 1, 2020 to shareholders of record on November 15, 2020.

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 100 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, including the ongoing COVID-19 pandemic and the related uncertainty and volatility in the financial markets. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2019 and in our Form 10-Q for the three months ended June 30, 2020 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 Limited (ESGR)?

Enstar Group Limited (ESGR) has announced a dividend amount of $0.43750 per depositary share for its Series D and Series E preference shares.

When will the dividends be paid by Enstar Group Limited?

The dividends for Enstar Group Limited will be payable on December 1, 2020.

What is the record date for the Enstar Group Limited dividends?

The record date for the dividends is November 15, 2020.

What is the yield on the preference shares for ESGR?

The yield on the preference shares for Enstar Group Limited is 7.00%.