Maiden Holdings North America (NYSE:MHNC) Stock Price Down 0.6% – Time to Sell?

Maiden Holdings North America, Ltd. (NYSE:MHNC) shares fell 0.6% during trading on Tuesday . The stock traded as low as $11.70 and last traded at $11.7010. Approximately 2,938 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 4,829 shares. The stock had previously closed at $11.77.

Maiden Holdings North America Stock Performance

The company has a 50-day moving average of $12.78 and a 200-day moving average of $13.83.

Maiden Holdings North America Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $0.4844 per share. The ex-dividend date was Friday, May 15th. This represents a $1.94 annualized dividend and a yield of 16.6%.

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.