IGI Declares Special Cash Dividend Of $0.50 Per Common Share For The Period October 1, 2023–December 31, 2023 And Regular Quarterly Common Share Dividend Of $0.01 Per Share
Portfolio Pulse from Benzinga Newsdesk
International General Insurance Holdings Ltd. (IGI), under the ticker IGIC, announced a special cash dividend of $0.50 per common share for Q4 2023 and a regular quarterly dividend of $0.01 per share. The total dividend of $0.51 is payable on April 22, 2024, to shareholders of record as of April 1, 2024.
March 12, 2024 | 8:22 pm
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POSITIVE IMPACT
IGI declared a special cash dividend of $0.50 per share for Q4 2023 and a regular dividend of $0.01 per share, totaling $0.51, payable on April 22, 2024.
The announcement of a special dividend on top of the regular dividend is a positive signal to the market, indicating the company's strong financial health and commitment to returning value to shareholders. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100