BF&M Announces Dividend Increase
In a filing with the Bermuda Stock Exchange, BF&M Limited announced an ”increase in dividends for its valued shareholders.”
The full filing stated: “The decision to raise dividends reflects the company’s strong financial performance and its commitment to delivering long-term value to its shareholders.
“As part of its ongoing efforts to enhance shareholder returns, BF&M has declared an increase from $0.24 to $0.28 payable to shareholders on July 14th, 2023. The decision to raise dividends aligns with the company’s strategy to provide shareholders with attractive and competitive returns on their investment.”
“We are delighted to announce an increase in dividends for our shareholders,” stated Abigail Clifford, Group President and Chief Executive Officer.
“As BF&M continues to execute against its strategic plan and capitalise on market opportunities, it remains committed to creating long-term value for its shareholders. On behalf of our group of companies, I would like to thank our shareholders for their ongoing support and confidence in the company’s vision.”
The company added, “The BF&M Group consists of three main insurance operating companies, with the following AM Best financial strength ratings:
- BF&M General Insurance Company Limited A [Excellent] Bermuda
- BF&M Life Insurance Company Limited A [Excellent] Bermuda
- Island Heritage Insurance Company, Ltd. A [Excellent] Bermuda”
