Maiden Holdings, Ltd. (MHLD) Declares Quarterly Dividend of $0.15

Maiden Holdings, Ltd. (NASDAQ:MHLD) announced a quarterly dividend on Tuesday, November 7th, Zacks reports. Shareholders of record on Tuesday, January 2nd will be given a dividend of 0.15 per share by the insurance provider on Tuesday, January 16th. This represents a $0.60 annualized dividend and a yield of 8.89%. The ex-dividend date of this dividend is Friday, December 29th.

Shares of Maiden (NASDAQ MHLD) opened at $6.75 on Friday. Maiden has a 52-week low of $5.55 and a 52-week high of $18.95. The stock has a market cap of $562.88, a PE ratio of -4.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.18 and a quick ratio of 0.18.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.77). Maiden had a negative return on equity of 9.10% and a negative net margin of 3.95%. The business had revenue of $653.87 million during the quarter, compared to analysts’ expectations of $708.04 million. During the same period in the previous year, the company posted $0.39 EPS. Maiden’s revenue for the quarter was down 6.4% on a year-over-year basis. equities research analysts anticipate that Maiden will post -0.35 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of Maiden from a “hold” rating to a “sell” rating in a research report on Thursday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price target on shares of Maiden in a research report on Wednesday, December 6th. B. Riley reaffirmed a “neutral” rating and issued a $10.00 price target on shares of Maiden in a research report on Monday, November 6th. FBR & Co reaffirmed a “hold” rating and issued a $11.00 price target on shares of Maiden in a research report on Monday, September 25th. Finally, Zacks Investment Research cut shares of Maiden from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.40.

In other news, Director Raymond Michael Neff bought 46,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $6.40 per share, with a total value of $297,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

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Maiden Company Profile

Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.

Dividend History for Maiden (NASDAQ:MHLD)

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