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

Rhea-AI Summary

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 corresponds to the period from June 15, 2020, to September 14, 2020. The payment date is set for September 15, 2020, for shareholders on record as of September 1, 2020. The Preferred Stock trades under the symbol "PIHPP" on the Nasdaq. The company focuses on diversified insurance, reinsurance, and investment management, operating primarily through subsidiaries.

Positive

• Declaration of a $0.50 cash dividend for Series A Preferred Stock.
• Confidence demonstrated by regular dividend payments.
• Focus on diversified insurance and investment strategies.

Negative

• None.

St. Petersburg, FL, Aug. 12, 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 June 15, 2020 and ending on September 14, 2020.

In accordance with the terms of the Company’s 8.00% Cumulative Preferred Stock, Series A, on August 12, 2020, the Board of Directors declared a Preferred Stock cash dividend of $0.50 per share for the period that began on June 15, 2020 and ends on September 14, 2020. The dividend is payable on September 15, 2020 to holders of record on September 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. is implementing business plans to operate as a diversified insurance, reinsurance and investment management holding company and is incorporated in Delaware. The Company endeavors to make opportunistic and value-oriented investments in insurance, reinsurance and related businesses. The Company’s principal business operations are conducted through its subsidiaries and affiliates. The Company also provides investment management services to 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.

CONTACT:	-OR-	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 PIH?

The dividend amount declared by 1347 Property Insurance Holdings, Inc. is $0.50 per share.

When is the dividend payment date for PIH?

The dividend payment date is September 15, 2020.

What period does the declared PIH dividend cover?

The declared dividend covers the period from June 15, 2020, to September 14, 2020.

Who is eligible to receive the dividend from PIH?

Shareholders on record as of September 1, 2020, are eligible to receive the dividend.