Montpelier Re Increases Quarterly Dividend
Bermuda-based Montpelier Re Holdings Ltd. has increased the regular quarterly dividend payable on the Company’s outstanding common shares by 60%.
A spokespersons said, “The Board also declared a quarterly dividend of $0.20 per common share, and a quarterly dividend of $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A, each payable on or before October 15, 2014, to all shareholders of record as of September 30, 2014.
“The Board currently intends to maintain the dividend per common share at the increased level in future periods and will consider further adjustments to its common share dividend policy periodically. Any future determination to pay dividends or distributions on common shares will remain at the discretion of the Board and will be dependent upon many factors, including the Company’s results of operations, cash flows, financial position, capital requirements, general business opportunities, legal, tax, regulatory and contractual restrictions.”
