Enstar Group Limited Announces Quarterly Preference Share Dividends

Rhea-AI Summary

Enstar Group Limited (Nasdaq: ESGR) has announced cash dividends for its Series D and Series E preference shares, each amounting to $0.43750 per depositary share. These dividends will be paid on September 1, 2021, to shareholders recorded as of August 15, 2021. Enstar is a leading global insurance group known for its innovative capital release solutions and has acquired over 100 companies since its establishment in 2001.

Positive

• Shareholders will receive $0.43750 per depositary share from Series D and Series E preference shares as a dividend.
• The company continues to demonstrate confidence in returning value to shareholders.

Negative

• None.

HAMILTON, Bermuda, Aug. 05, 2021 (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, 2021 to shareholders of record as of August 15, 2021.

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, 2021 to shareholders of record as of August 15, 2021.

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. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2020 and in our Quarterly Report on Form 10-Q for the interim period ended June 30, 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 ESGR for September 2021?

Enstar Group Limited will pay a dividend of $0.43750 per depositary share for both Series D and Series E preference shares.

When will the ESGR dividends be paid?

The dividends will be paid on September 1, 2021.

What is the record date for the ESGR dividends?

The record date for the dividends is August 15, 2021.

How often does ESGR pay dividends?

Enstar pays dividends on its Series D and Series E preference shares, typically following quarterly schedules.