Maiden Holdings North America (NYSE:MHNC) Stock Price Up 1.8% – Here’s Why

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

Maiden Holdings North America Trading Up 1.8%

The company has a fifty day simple moving average of $12.93 and a 200 day simple moving average of $14.53.

Maiden Holdings North America Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.4844 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 15.6%. The ex-dividend date of this dividend 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.