SiriusPoint Announces Dividend on Series B Preference Shares

Rhea-AI Summary

SiriusPoint (NYSE: SPNT), a global specialty insurer and reinsurer, has announced a quarterly cash dividend for its Series B Preference shareholders. The dividend payment of $0.50 per share applies to the company's 8.00% Resettable Fixed Rate Preference Shares, Series B, which have a $0.10 par value and $25.00 liquidation preference per share. The dividend will be paid on or before February 28, 2025, to shareholders of record as of February 13, 2025. This decision was approved by the Audit Committee of SiriusPoint's Board of Directors.

Positive

• Maintains consistent dividend payment of $0.50 per share for Series B Preference shareholders
• Demonstrates ability to meet preferred dividend obligations

Negative

• None.

HAMILTON, Bermuda, Jan. 29, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced that the Audit Committee of the Board of Directors of SiriusPoint Ltd. has approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on or prior to February 28, 2025 to Series B shareholders of record as of February 13, 2025.

About SiriusPoint

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With over $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Stable) from AM Best, S&P and Fitch, and A3 (Stable) from Moody’s. For more information please visit www.siriuspt.com.

Contacts

Investor Relations
Liam Blackledge, SiriusPoint
Liam.Blackledge@siriuspt.com
+ 44 203 772 3082

Media
Sarah Hills, Rein4ce
Sarah.Hills@rein4ce.co.uk
+ 44 7718 882011

FAQ

What is the dividend amount for SiriusPoint's Series B Preference Shares (SPNT) in Q1 2025?

SiriusPoint announced a quarterly cash dividend of $0.50 per share for its Series B Preference Shares.

When is the ex-dividend date for SiriusPoint's (SPNT) Series B Preference Shares Q1 2025 dividend?

The record date is February 13, 2025, so the ex-dividend date would be one business day before.

What is the payment date for SiriusPoint's (SPNT) Q1 2025 Series B Preference dividend?

The dividend will be paid on or before February 28, 2025.

What is the annual dividend yield for SiriusPoint's (SPNT) Series B Preference Shares?

The Series B Preference Shares have an 8.00% Resettable Fixed Rate.

What is the liquidation preference for SiriusPoint's (SPNT) Series B Preference Shares?

The Series B Preference Shares have a liquidation preference of $25.00 per share.