HCI Group Declares Q1 2021 Quarterly Cash Dividend

Rhea-AI Summary

The board of directors of HCI Group (NYSE:HCI) has declared a regular quarterly cash dividend of 40 cents per common share for Q1 2021. This dividend is payable on March 19, 2021 to shareholders on record as of February 19, 2021.

HCI Group operates in insurance, software development, and real estate, with its main subsidiary TypTap Insurance Company providing homeowners and flood insurance in Florida.

Positive

• Declared a regular quarterly dividend of 40 cents per share, indicating financial stability.

Negative

• None.

TAMPA, Fla., Jan. 19, 2021 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, has declared a regular quarterly cash dividend in the amount of 40 cents per common share for the first quarter of 2021. The dividend will be paid March 19, 2021 to shareholders of record on the close of business February 19, 2021.

About HCI Group, Inc.
HCI Group, Inc. is an InsurTech company with operations in insurance, software development and real estate. HCI’s leading insurance operation, TypTap Insurance Company, is a rapidly growing, technology-driven insurance company, which provides homeowners’ insurance and flood insurance in Florida. TypTap’s operations are powered in large part by insurance-related information technology developed by HCI’s software subsidiary, Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides homeowners’ insurance primarily in Florida. HCI’s real estate subsidiary, Greenleaf Capital, LLC, owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.

The company's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.

Company Contact:
Rachel Swansiger, Esq.
HCI Group, Inc.
Tel (813) 405-3206
rswansiger@hcigroup.com

Investor Relations Contact:
Matt Glover
Gateway Investor Relations
Tel (949) 574-3860
HCI@gatewayir.com

Media Contact:
Amber Brinkley
Kippen Communications
Tel (727) 466-7695
amber@kippencommunications.com

FAQ

What is the dividend amount declared by HCI Group for Q1 2021?

HCI Group has declared a quarterly cash dividend of 40 cents per common share for Q1 2021.

When will the dividend be paid to shareholders of HCI Group?

The dividend will be paid on March 19, 2021.

What is the record date for HCI Group's dividend payment?

The record date for HCI Group's dividend payment is February 19, 2021.

What is HCI Group's primary business focus?

HCI Group primarily focuses on insurance, software development, and real estate.

Which companies are subsidiaries of HCI Group?

HCI Group's main subsidiaries include TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company.