Summary
Arch Capital Group Ltd. (ACGL) announced on November 9, 2018, through an 8-K filing, that its Board of Directors declared dividends for its outstanding Series E and Series F Non-Cumulative Preferred Shares. These dividends are payable on December 31, 2018, to shareholders of record as of December 15, 2018, sourced from lawfully available funds under Bermuda law. The declaration includes a total dividend amount of $5,906,250 for the Series E shares and $4,496,250 for the Series F shares. This information is crucial for preferred shareholders as it confirms regular dividend payments and provides specific details regarding the payment date, record date, and the amount distributed for the period ending December 30, 2018.
Key Highlights
- 1ACGL's Board of Directors declared dividends for Series E and Series F Non-Cumulative Preferred Shares.
- 2The dividend declaration date was November 9, 2018.
- 3Dividends for Series E shares total $5,906,250 at a rate of $0.328125 per depositary share.
- 4Dividends for Series F shares total $4,496,250 at a rate of $0.340625 per depositary share.
- 5The payment date for these dividends is December 31, 2018.
- 6The record date for dividend entitlement is December 15, 2018.
- 7Dividends are payable from lawfully available funds under Bermuda law.
Frequently Asked Questions
ACGL declared a total of $5,906,250 in dividends for its Series E preferred shares and $4,496,250 for its Series F preferred shares.
The dividends are scheduled to be paid on December 31, 2018.
Shareholders of record of the Series E and Series F preferred shares as of December 15, 2018, will be eligible to receive the declared dividends.
The dividend rate is $0.328125 per depositary share for Series E and $0.340625 per depositary share for Series F.