Maiden Holdings North America (NYSE:MHNC) Shares Climb 0.8% – Should You Buy?

Maiden Holdings North America, Ltd. (NYSE:MHNC) traded up 0.8% on Wednesday. The company traded as high as $10.50 and last traded at $10.3570. Approximately 4,632 shares were traded during trading, an increase of 2% from the average daily volume of 4,546 shares. The stock had previously closed at $10.27.

Maiden Holdings North America Price Performance

The company has a fifty day simple moving average of $11.31 and a two-hundred day simple moving average of $12.09.

Maiden Holdings North America Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Saturday, August 15th were issued a $0.4844 dividend. The ex-dividend date was Friday, August 14th. This is an increase from Maiden Holdings North America’s previous quarterly dividend of $0.4844. This represents a $1.94 annualized dividend and a dividend yield of 18.7%.

Maiden Holdings North America, Ltd. is a finance and insurance-related subsidiary of Maiden Holdings, Ltd., a Bermuda-based specialty reinsurance group. The company is primarily known as an issuer of debt securities used to support the Maiden group’s corporate financing activities rather than as a standalone operating insurer.

Maiden Holdings has historically provided property and casualty reinsurance and related risk-management solutions to insurance companies, including quota-share and excess-of-loss arrangements.