Dividend Announcement - The Board of Directors of American Coastal Insurance Corporation declared a special cash dividend of $0.50 per share of common stock outstanding, payable on January 10, 2025, to shareholders of record on January 2, 2025 [1] Company Overview - American Coastal Insurance Corporation is the holding company of American Coastal Insurance Company, which was founded in 2007 to insure Condominium and Homeowner Association properties and apartments in Florida [2] - The company has an exclusive partnership with AmRisc Group for the distribution of Condominium Association properties in Florida, one of the largest Managing General Agents specializing in hurricane-exposed properties [2] - American Coastal Insurance Company has earned a Financial Stability Rating® of A, Exceptional from Demotech and maintains an A- insurance financial strength rating with a Stable outlook by Kroll [2] - ACIC holds a "BB+" issuer rating with a Stable outlook by Kroll [2]
American Coastal Insurance Corporation Declares Special Cash Dividend of $0.50 Per Share