Maiden Holdings North America (NYSE:MHNC) Trading 1.1% Higher – What’s Next?

Maiden Holdings North America, Ltd. (NYSE:MHNC)’s stock price was up 1.1% on Friday . The stock traded as high as $11.44 and last traded at $11.44. Approximately 1,024 shares traded hands during trading, a decline of 78% from the average daily volume of 4,571 shares. The stock had previously closed at $11.31.

Maiden Holdings North America Price Performance

The firm’s fifty day moving average price is $11.86 and its 200-day moving average price is $12.80.

Maiden Holdings North America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be paid a $0.4844 dividend. This is a boost from Maiden Holdings North America’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a yield of 16.9%. The ex-dividend date 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.