Maiden Holdings North America (NYSE:MHNC) Trading Down 0.2% – Here’s Why

Maiden Holdings North America, Ltd. (NYSE:MHNC)’s share price fell 0.2% on Friday . The company traded as low as $15.85 and last traded at $15.8360. 3,938 shares were traded during trading, an increase of 33% from the average session volume of 2,960 shares. The stock had previously closed at $15.87.

Maiden Holdings North America Trading Down 0.2%

The stock’s fifty day simple moving average is $16.34 and its 200-day simple moving average is $17.07.

Maiden Holdings North America Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be issued a $0.4844 dividend. This is an increase from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.94 dividend on an annualized basis and a yield of 12.2%.

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.