Maiden Holdings North America, Ltd. (NYSE:MHNC – Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 3,747 shares, a drop of 33.7% from the January 29th total of 5,654 shares. Based on an average daily volume of 4,260 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 4,260 shares, the days-to-cover ratio is presently 0.9 days.
Maiden Holdings North America Stock Performance
Shares of Maiden Holdings North America stock traded down $0.22 during trading hours on Monday, reaching $14.82. The company’s stock had a trading volume of 4,539 shares, compared to its average volume of 4,519. The firm has a 50 day moving average price of $15.49 and a 200-day moving average price of $16.66. Maiden Holdings North America has a one year low of $14.50 and a one year high of $18.54.
Maiden Holdings North America Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Sunday, February 15th will be paid a dividend of $0.4844 per share. The ex-dividend date of this dividend is Friday, February 13th. This is an increase from Maiden Holdings North America’s previous quarterly dividend of $0.48. This represents a $1.94 annualized dividend and a yield of 13.1%.
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.
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