Maiden Holdings North America (NYSE:MHNC) Trading Down 0.6% – Time to Sell?

Maiden Holdings North America, Ltd. (NYSE:MHNC) was down 0.6% on Monday . The stock traded as low as $15.12 and last traded at $15.4450. Approximately 12,358 shares were traded during mid-day trading, an increase of 255% from the average daily volume of 3,486 shares. The stock had previously closed at $15.54.

Maiden Holdings North America Price Performance

The stock has a 50-day moving average of $15.77 and a 200 day moving average of $16.92.

Maiden Holdings North America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Sunday, February 15th will be given a dividend of $0.4844 per share. The ex-dividend date is Friday, February 13th. This represents a $1.94 annualized dividend and a dividend yield of 12.5%. This is a positive change from Maiden Holdings North America’s previous quarterly dividend of $0.48.

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.