Summary
Arch Capital Group Ltd. (ACGL) announced on February 23, 2024, its Board of Directors declared quarterly dividends for its Series F and Series G Non-Cumulative Preferred Shares. These declarations are routine and signal the company's continued financial stability and commitment to its preferred shareholders. Investors holding these specific preferred shares can expect dividend payments on March 31, 2024, provided they are holders of record as of March 15, 2024. The Series F shares will receive a dividend of $0.340625 per depositary share, representing an annualized rate of 5.45% on a $25.00 liquidation preference. The Series G shares will receive a dividend of $0.284375 per depositary share, reflecting an annualized rate of 4.55% on the same liquidation preference. These payments are subject to the availability of lawful funds under Bermuda law.
Key Highlights
- 1Arch Capital Group (ACGL) declared quarterly dividends for its Series F and Series G Non-Cumulative Preferred Shares on February 23, 2024.
- 2The dividend for Series F Preferred Shares is $0.340625 per depositary share.
- 3The dividend for Series G Preferred Shares is $0.284375 per depositary share.
- 4Both dividend payments are scheduled to be made on March 31, 2024.
- 5Record date for both dividend payments is March 15, 2024.
- 6Dividends are payable out of lawfully available funds under Bermuda law.
- 7The declared dividends represent the stated rates of 5.45% for Series F and 4.55% for Series G, based on the $25.00 liquidation preference per depositary share.