Maiden Holdings, Ltd. (MHLD) Declares Quarterly Dividend of $0.15
Maiden Holdings, Ltd. (NASDAQ:MHLD) announced a quarterly dividend on Friday, August 4th, Zacks reports. Stockholders of record on Monday, October 2nd will be paid a dividend of 0.15 per share by the insurance provider on Monday, October 16th. This represents a $0.60 annualized dividend and a dividend yield of 7.79%. The ex-dividend date is Friday, September 29th.
Shares of Maiden Holdings (NASDAQ MHLD) opened at 7.70 on Friday. The firm’s market cap is $666.97 million. The stock’s 50 day moving average price is $7.88 and its 200 day moving average price is $11.00. Maiden Holdings has a 12 month low of $6.25 and a 12 month high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.43). The company had revenue of $753.18 million for the quarter, compared to analyst estimates of $740.30 million. Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. Equities research analysts predict that Maiden Holdings will post $0.74 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on MHLD. Keefe, Bruyette & Woods cut Maiden Holdings from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $17.00 to $10.00 in a research report on Thursday, August 10th. JMP Securities reiterated a “mkt outperform” rating and set a $9.00 price target on shares of Maiden Holdings in a research report on Thursday, August 10th. Zacks Investment Research cut Maiden Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday. BidaskClub upgraded Maiden Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, FBR & Co reiterated a “hold” rating and set a $13.00 price target on shares of Maiden Holdings in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Maiden Holdings currently has a consensus rating of “Hold” and an average target price of $11.50.
Maiden Holdings 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.
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