HCI Group Declares Q4 2020 Quarterly Cash Dividend

Rhea-AI Summary

HCI Group, Inc. (NYSE:HCI) has declared a quarterly cash dividend of 40 cents per common share for Q4 2020. This dividend will be paid on December 18, 2020, to shareholders recorded as of the close on November 20, 2020. HCI Group operates in InsurTech, focusing on insurance, software development, and real estate. Its major subsidiary, TypTap Insurance Group, offers homeowners and flood insurance mainly in Florida, leveraging technology for efficient policy management. The stock trades on the NYSE and is part of the Russell 2000 and S&P SmallCap 600 Index.

Positive

• Declared a quarterly cash dividend of 40 cents per share, reflecting financial stability.
• Major subsidiary TypTap Insurance continues to grow in the Florida insurance market, indicating strong business performance.

Negative

• None.

TAMPA, Fla., Oct. 22, 2020 (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 fourth quarter of 2020. The dividend will be paid December 18, 2020 to shareholders of record on the close of business November 20, 2020.

About HCI Group, Inc.
HCI Group, Inc. is an InsurTech company with operations in insurance, software development and real estate. HCI’s leading subsidiary corporation, TypTap Insurance Group, Inc., embodies HCI’s InsurTech operations. It owns TypTap Insurance Company, a rapidly growing, technology-driven provider of homeowners insurance and flood insurance primarily in Florida, and Exzeo USA, Inc., a developer of insurance-related information technologies. TypTap Insurance Company utilizes online platforms developed by Exzeo to simplify and speed insurance processes for quoting and binding policies, administering policies and managing claims. 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 announced by HCI Group for Q4 2020?

HCI Group has announced a dividend of 40 cents per common share for Q4 2020.

When will HCI Group's dividend be paid?

The dividend will be paid on December 18, 2020.

Who is eligible to receive HCI Group's dividend?

Shareholders of record on the close of business on November 20, 2020, are eligible to receive the dividend.

How often does HCI Group pay dividends?

HCI Group regularly declares quarterly cash dividends.

Is HCI Group considered a reliable dividend payer?

The declaration of a consistent dividend suggests reliability, but investors should consider financial reports for a complete analysis.