Summary
Arch Capital Group Ltd. (ACGL) filed an 8-K on February 28, 2014, primarily to announce the declaration of dividends for its Series C Non-Cumulative Preferred Shares. The Board of Directors declared a dividend of $0.421875 per share for the Series C Shares, totaling $5,484,375. This dividend is payable on March 31, 2014, to shareholders of record as of March 15, 2014. This filing is significant for preferred shareholders as it confirms the regular dividend payment, demonstrating the company's ability to distribute profits to its preferred class of investors. Investors in the Series C Preferred Shares can expect to receive this dividend payment, providing a consistent income stream.
Key Highlights
- 1Arch Capital Group Ltd. (ACGL) declared dividends for its Series C Non-Cumulative Preferred Shares.
- 2A total of $5,484,375 in dividends was declared.
- 3The dividend amount per Series C share is $0.421875.
- 4The dividend covers the period from December 31, 2013, to March 30, 2014.
- 5Payment date for the dividends is March 31, 2014.
- 6Record date for determining dividend recipients is March 15, 2014.
- 7The dividends are payable out of lawfully available funds under Bermuda law.
Frequently Asked Questions
The company is paying dividends on its 6.75% Non-Cumulative Preferred Shares, Series C.
The dividend is payable on March 31, 2014.
Shareholders of record of the Series C Shares as of March 15, 2014, are eligible to receive the dividend.
The total amount of the declared dividend is $5,484,375.