Heritage Declares Quarterly Cash Dividend

Rhea-AI Summary

Heritage Insurance Holdings (NYSE: HRTG) announced a quarterly cash dividend of $0.06 per share, set to be paid on October 2, 2020, to shareholders on record by September 15, 2020. The Board's decision for future dividends will depend on various factors including the company's financial performance. Heritage operates as a super-regional property and casualty insurance company, managing approximately $1 billion in premiums across multiple states.

Positive

• Quarterly cash dividend of $0.06 per share announced.
• Company writes approximately $1 billion of gross premium, indicating strong market presence.

Negative

• Future dividends are subject to the discretion of the Board, indicating uncertainty for shareholders.

CLEARWATER, Fla., Aug. 3, 2020 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, announced today that its Board of Directors declared a quarterly cash dividend of $0.06 per share on the Company's common stock. The dividend will be paid on October 2, 2020 to shareholders of record as of September 15, 2020.

The declaration and payment of any future dividend will be subject to the discretion of the Board of Directors and will depend on a variety of factors, including the Company's financial condition and results of operations and contractual restrictions.

Financial information, including material announcements about Heritage, is routinely posted on investors.heritagepci.com.

About Heritage
Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company headquartered in Clearwater, Florida. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1 billion of gross personal and commercial residential premium across its multi-state footprint.

Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein, including the expected payment, record date and payment date of the dividend. Other than as required by the U.S. federal securities laws, the Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.

Investor Contact:
Arash Soleimani, CFA, CPA
Executive Vice President
727.871.0206
Email: asoleimani@heritagepci.com

 

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SOURCE Heritage Insurance Holdings, Inc.

FAQ

What is the dividend amount declared by Heritage Insurance for Q3 2020?

Heritage Insurance declared a dividend of $0.06 per share.

When will Heritage Insurance pay its Q3 2020 dividend?

The dividend will be paid on October 2, 2020.

What is the record date for the Q3 2020 dividend of Heritage Insurance?

The record date for the Q3 2020 dividend is September 15, 2020.

Are future dividends from Heritage Insurance guaranteed?

No, future dividends are subject to the discretion of the Board and various financial factors.

How much gross premium does Heritage Insurance manage?

Heritage Insurance manages approximately $1 billion of gross premium.