National General Holdings Corp. Announces Dividends on Common and Preferred Stock

Rhea-AI Summary

National General Holdings Corp. (Nasdaq: NGHC) announced a quarterly dividend payment for its common and preferred stock. Shareholders will receive a cash dividend of $0.05 per share on common stock and various preferred stock dividends including $0.46875 for Series A, and $18.75 for Series B and C per share. These dividends will be payable on October 15, 2020, to shareholders of record as of October 1, 2020. The company holds an A- financial strength rating from A.M. Best, specializing in niche personal lines insurance.

Positive

• Quarterly dividend of $0.05 per share for common stock enhances shareholder income.
• Preferred stock dividends provide attractive returns of $0.46875 (Series A) and $18.75 (Series B and C) per share.
• A.M. Best's A- rating indicates financial stability and reliability.

Negative

• None.

NEW YORK, July 31, 2020 (GLOBE NEWSWIRE) -- National General Holdings Corp. (Nasdaq:NGHC) today announced that its Board of Directors approved quarterly dividends on the company's common and preferred stock as follows:

• A cash dividend on the company's common stock of $0.05 per share.
• A cash dividend on the company's 7.50% Non-Cumulative Preferred Stock, Series A, in the amount of $0.46875 per share.
• A cash dividend on the company's 7.50% Non-Cumulative Preferred Stock, Series B, in the amount of $18.75 per share (equivalent to $0.46875 per Depositary Share).
• A cash dividend on the company's 7.50% Non-Cumulative Preferred Stock, Series C, in the amount of $18.75 per share (equivalent to $0.46875 per Depositary Share).

The dividends on the company’s common and preferred stock will be payable on October 15, 2020 to shareholders of record as of October 1, 2020. 

About National General Holdings Corp.

National General Holdings Corp., headquartered in New York City, is a specialty personal lines insurance holding company. National General traces its roots to 1939, has a financial strength rating of A- (excellent) from A.M. Best, and provides personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, supplemental health, and other niche insurance products.

Investor Contact
Clifford Gallant
SVP of Capital Strategy and Investor Relations
Phone: 212-380-9462
Email: Clifford.Gallant@NGIC.com

FAQ

What is the amount of the cash dividend for NGHC's common stock?

The cash dividend for NGHC's common stock is $0.05 per share.

When will the dividends be payable for National General Holdings Corp.?

The dividends will be payable on October 15, 2020.

What is the dividend payment date for preferred stock Series A, B, and C of NGHC?

The dividend payment date for preferred stocks Series A, B, and C is October 15, 2020.

What is the financial strength rating of National General Holdings Corp.?

National General Holdings Corp. has a financial strength rating of A- (excellent) from A.M. Best.