HCI Group Declares Q2 2021 Quarterly Cash Dividend

Rhea-AI Summary

HCI Group, Inc. (NYSE:HCI), an InsurTech company, has announced a quarterly cash dividend of 40 cents per share for Q2 2021. This dividend will be paid on June 18, 2021, to shareholders of record by May 21, 2021. HCI Group operates in insurance and real estate sectors, with TypTap Insurance Company as a key subsidiary providing homeowners' and flood insurance in Florida. The company is part of the Russell 2000 and S&P SmallCap 600 Index.

Positive

• Regular cash dividend of 40 cents per common share supports shareholder income.

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• None.

TAMPA, Fla., May 04, 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 second quarter of 2021. The dividend will be paid June 18, 2021 to shareholders of record on the close of business May 21, 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:
Jordan Schmidt
Gateway Investor Relations
Tel (949) 386-6332
jordan@gatewayir.com

FAQ

What is the dividend amount declared by HCI Group for Q2 2021?

HCI Group has declared a cash dividend of 40 cents per common share for Q2 2021.

When will HCI Group pay the Q2 2021 dividend?

The Q2 2021 dividend will be paid on June 18, 2021.

What is the record date for the HCI Group dividend?

The record date for the dividend is May 21, 2021.

How often does HCI Group declare dividends?

HCI Group typically declares dividends on a quarterly basis.

Is the dividend from HCI Group sustainable?

The sustainability of the dividend can depend on HCI Group's financial performance and cash flow.