Maiden Holdings North America (NYSE:MHNC) Shares Up 0.8% – Here’s What Happened

Maiden Holdings North America, Ltd. (NYSE:MHNC)’s share price traded up 0.8% during mid-day trading on Wednesday. The stock traded as high as $10.50 and last traded at $10.3570. Approximately 4,632 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 4,546 shares. The stock had previously closed at $10.27.

Maiden Holdings North America Trading Up 0.8%

The firm’s fifty day moving average is $11.31 and its 200 day moving average is $12.09.

Maiden Holdings North America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th were paid a dividend of $0.4844 per share. This is a positive change from Maiden Holdings North America’s previous quarterly dividend of $0.4844. This represents a $1.94 dividend on an annualized basis and a dividend yield of 18.7%. The ex-dividend date of this dividend was Friday, August 14th.

Maiden Holdings North America, Ltd. is a finance and insurance-related subsidiary of Maiden Holdings, Ltd., a Bermuda-based specialty reinsurance group. The company is primarily known as an issuer of debt securities used to support the Maiden group’s corporate financing activities rather than as a standalone operating insurer.

Maiden Holdings has historically provided property and casualty reinsurance and related risk-management solutions to insurance companies, including quota-share and excess-of-loss arrangements.