Maiden Holdings North America (NYSE:MHNC) Trading Down 0.7% – Time to Sell?

Maiden Holdings North America, Ltd. (NYSE:MHNC)’s share price fell 0.7% on Friday . The stock traded as low as $11.78 and last traded at $11.9310. Approximately 2,489 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 4,756 shares. The stock had previously closed at $12.01.

Maiden Holdings North America Stock Down 0.7%

The company has a fifty day simple moving average of $12.04 and a two-hundred day simple moving average of $13.19.

Maiden Holdings North America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a dividend yield of 16.2%. This is a boost from Maiden Holdings North America’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, August 14th.

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.