Maiden Holdings North America (NYSE:MHNC) Shares Down 0.7% – What’s Next?

Maiden Holdings North America, Ltd. (NYSE:MHNC) dropped 0.7% during trading on Friday . The stock traded as low as $11.78 and last traded at $11.9310. Approximately 2,489 shares changed hands during trading, a decline of 48% from the average session volume of 4,756 shares. The stock had previously closed at $12.01.

Maiden Holdings North America Trading Down 0.7%

The firm’s 50-day moving average price is $12.04 and its two-hundred day moving average price is $13.19.

Maiden Holdings North America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be paid a dividend of $0.4844 per share. This represents a $1.94 dividend on an annualized basis and a yield of 16.2%. This is a boost from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, August 14th.

Maiden Holdings North America Ltd. (NYSE: MHNC) is a specialty property and casualty reinsurer headquartered in Wilton, Connecticut. As a subsidiary of Bermuda-based Maiden Holdings, Ltd., the company provides treaty and facultative reinsurance solutions for primary insurers. Since its founding in 2007, Maiden Holdings North America has developed underwriting capabilities in property catastrophe, casualty, agriculture, surety and mortgage reinsurance, targeting niche segments where disciplined risk selection and tailored coverage can drive value.

The company’s product offerings include multi-year and annual treaty contracts, facultative reinsurance for individual risks, and run-off and legacy portfolio management services.