1347 PROPERTY INSURANCE HOLDINGS, INC. DECLARES CASH DIVIDEND ON ITS 8.00% CUMULATIVE PREFERRED STOCK, SERIES A

Rhea-AI Summary

On May 14, 2020, 1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A. This dividend pertains to the period from March 15 to June 14, 2020, and will be paid on June 15, 2020, to holders of record as of June 1, 2020. The preferred stock is listed under the symbol PIHPP. The company aims to operate through insurance, asset management, and real estate investments, enhancing shareholder value.

Positive

• Declaration of a quarterly cash dividend of $0.50 per share enhances shareholder returns.
• Continued strategy to operate as a diversified insurance and investment management company indicates confidence in future growth.

Negative

• None.

St. Petersburg, FL, May 14, 2020 (GLOBE NEWSWIRE) -- 1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) (the “Company”) announced today that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on March 15, 2020 and ending on June 14, 2020.

In accordance with the terms of the Company’s 8.00% Cumulative Preferred Stock, Series A, on May 14, 2020, the Board of Directors declared a Preferred Stock cash dividend of $0.50 per share for the period that began on March 15, 2020 and ends on June 14, 2020. The dividend is payable on June 15, 2020 to holders of record on June 1, 2020. The Preferred Stock is currently listed on the Nasdaq Stock Market and trades under the ticker symbol “PIHPP”.

About 1347 Property Insurance Holdings, Inc.
1347 Property Insurance Holdings, Inc., incorporated in Delaware, is proceeding with its business strategy to operate as a diversified insurance, reinsurance and investment management holding company. The Company plans to carry out its business through three primary avenues: insurance, asset management, and real estate. The Company will endeavor to make opportunistic and value-oriented investments in insurance, reinsurance and related businesses. The Company’s principal business operations are intended to be conducted through its subsidiaries and affiliates. The Company also plans to provide investment management services to affiliated and unaffiliated companies.

Additional Information
Additional information about 1347 Property Insurance Holding, Inc., including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, can be found at the U.S. Securities and Exchange Commission’s website at www.sec.gov, or at PIH’s corporate website: www.1347pih.com.

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36%;">CONTACT:	9%;">-OR-	10%;">	45%;">INVESTOR RELATIONS:
1347 Property Insurance Holdings, Inc.			The Equity Group Inc.
Kyle Cerminara			Jeremy Hellman, CFA
Chairman of the Board of Directors			Vice President
(704) 323-6851 / kyle@fundamentalglobal.com			(212) 836-9626 / jhellman@equityny.com

FAQ

What is the dividend amount declared by 1347 Property Insurance Holdings, Inc. (PIH)?

The dividend amount declared is $0.50 per share.

When will the dividend for PIH be paid?

The dividend will be paid on June 15, 2020.

What is the record date for the dividend payment for PIH?

The record date for the dividend payment is June 1, 2020.

What is the significance of the 8.00% Cumulative Preferred Stock for PIH shareholders?

The 8.00% Cumulative Preferred Stock provides a fixed return, contributing to overall shareholder income.

Under what ticker symbol is the preferred stock of PIH traded?

The preferred stock is traded under the ticker symbol PIHPP.