Watford Holdings Declares Quarterly Dividend
Watford Holdings intends to pay a quarterly dividend on its 8½% Cumulative Redeemable Preference Shares.
The company said, “Watford Holdings Ltd. [Watford] announced today that on September 30, 2020, it intends to pay to holders of record as of September 15, 2020 a quarterly dividend on its 8½% Cumulative Redeemable Preference Shares, which trade on Nasdaq under the ticker symbol “WTREP”.
“From and after the calendar quarter starting July 1, 2019, at the beginning of each calendar quarter the dividend rate on the Preference Shares will be adjusted for such calendar quarter to a rate equal to the 3-month USD LIBOR on the first calendar day of the quarter [or the next business day, if such first day is not a business day] plus a margin of 6.6785%, and the dividend paid for that calendar quarter shall be based on the actual number of days in such quarter.
“Pursuant to their terms, Watford intends to pay a quarterly dividend on the Preference Shares of $0.48385 per share on September 30, 2020 to holders of record of the Preference Shares who held such shares on the Record Date.”
