Maiden Holdings North America (NYSE:MHNC) Trading Up 1.8% – Here’s What Happened

Maiden Holdings North America, Ltd. (NYSE:MHNC)’s stock price was up 1.8% during trading on Thursday . The company traded as high as $12.17 and last traded at $12.3910. Approximately 435 shares changed hands during trading, a decline of 91% from the average daily volume of 4,753 shares. The stock had previously closed at $12.17.

Maiden Holdings North America Stock Performance

The stock has a 50-day moving average price of $12.93 and a 200 day moving average price of $14.51.

Maiden Holdings North America Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a $0.4844 dividend. This represents a $1.94 annualized dividend and a yield of 15.5%. The ex-dividend date was Friday, May 15th.

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.