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HAMILTON, Bermuda, Nov. 6, 2013 (GLOBE NEWSWIRE) -- Maiden Holdings, Ltd. (Nasdaq:MHLD) today announced that its Board of Directors approved a quarterly cash dividend of $0.11 per share of common stock, an increase of $0.02 per share or 22% from the previous rate. The dividend will be payable on January 15, 2014 to shareholders of record as of January 2, 2014.
Additionally, Maiden's Board of Directors approved a cash dividend on its Series A 8.25% Non-Cumulative Preference Shares of $0.515625 per Preference Share. The dividend will be payable on December 16, 2013 to shareholders of record as of December 1, 2013.
Maiden's Board of Directors also approved a cash dividend on its Series B 7.25% Mandatory Convertible Preference Shares of $0.7451389 per Preference Share. The dividend will be payable on December 16, 2013 to shareholders of record as of December 1, 2013.
About Maiden Holdings, Ltd.
Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007. Through its subsidiaries, which are each A- rated (excellent) by A.M. Best, the Company is focused on providing non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies in the United States and Europe. As of September 30, 2013, Maiden had $4.4 billion in assets and shareholders' equity of $973.5 million.
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