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Subsea7 - key information relating to the proposed cash dividend to be paid by Subsea 7 S.A.
Globenewswire· 2026-02-26 07:16
Core Viewpoint - Subsea 7 S.A. announced a proposed total cash dividend of NOK 13.00 per share, amounting to approximately $400 million, to be distributed in May 2026 [1]. Dividend Details - The proposed dividend consists of an annual dividend of approximately $350 million to be recommended at the annual general meeting (AGM) on 12 May 2026 and an interim dividend of approximately $50 million approved by the Board [1][5]. - Key dates include the last day including right on 19 May 2026 for common shareholders and 20 May 2026 for ADR holders, with the ex-date on 20 May 2026 for common shareholders and 21 May 2026 for ADR holders [5]. - The record date is set for 21 May 2026, and the payment date is scheduled for 28 May 2026 [5].
Universal Insurance Holdings(UVE) - 2025 Q4 - Earnings Call Transcript
2026-02-25 16:02
Financial Data and Key Metrics Changes - Adjusted diluted earnings per common share increased to $2.17 from $0.25 in the prior year quarter, primarily due to a lower net loss ratio and higher net premiums earned and net investment income [4] - Core revenue reached $403.6 million, up 4.4% year-over-year, driven by higher net premiums earned and net investment income [4] - Direct premiums written were $483.7 million, reflecting a 2.7% increase from the prior year quarter, with an 18.2% growth in other states, partially offset by a 3.1% decrease in Florida [4] Business Line Data and Key Metrics Changes - Direct premiums earned amounted to $538 million, up 3.6% year-over-year, indicating growth in direct premiums written over the past 12 months [5] - Net premiums earned were $363.4 million, up 4.3% from the prior year quarter, attributed to higher direct premiums earned and a lower ceded premium ratio [5] - The net combined ratio improved to 87.5%, down 20.4 points compared to the prior year quarter, due to a lower net loss ratio [5] Market Data and Key Metrics Changes - The net loss ratio decreased to 61.3%, down 21 points from the prior year quarter, reflecting better current accident year results [5] - The net expense ratio increased to 26.2%, up 0.6 points from 25.6% in the prior year quarter, driven by higher other operating costs [6] Company Strategy and Development Direction - The company is negotiating its 2026 reinsurance program, with a substantial portion of its first event catastrophe tower already placed [3] - The company is optimistic about the competitive environment, citing favorable relationships with agency forces and positive market trends [9] - The company plans to continue analyzing markets for profitability, with a focus on Florida, where positive developments have been observed [9][11] Management's Comments on Operating Environment and Future Outlook - Management highlighted the benefits of Florida's legislative reforms, which have stabilized the market and benefited all stakeholders [3] - The company anticipates modest declines in rates but emphasizes that a decrease in rates does not necessarily lead to a decrease in earnings [10] - Management expressed confidence in the current operating environment, noting improved retention rates and the potential for reduced reinsurance costs [11] Other Important Information - The company repurchased approximately 210,000 shares at a cost of $6.9 million during the fourth quarter [6] - A new share repurchase program was announced, allowing for the repurchase of up to $20 million of outstanding shares through January 2028 [6] - A quarterly cash dividend of $0.16 per common share was declared, payable on March 13, 2026 [7] Q&A Session Summary Question: Competitive environment and price declines - Management views the competitive environment as favorable, with positive market trends and strong agency relationships [9] Question: Regulatory environment and affordability issues - Management credited Florida's legislative actions for the current favorable position of the industry and indicated ongoing actuarial studies for rate adjustments [10][11]
Universal Insurance Holdings(UVE) - 2025 Q4 - Earnings Call Transcript
2026-02-25 16:02
Financial Data and Key Metrics Changes - Adjusted diluted earnings per common share increased to $2.17 from $0.25 in the prior year quarter, primarily due to a lower net loss ratio and higher net premiums earned and net investment income [4] - Core revenue reached $403.6 million, up 4.4% year-over-year, driven by higher net premiums earned and net investment income [4] - Direct premiums written were $483.7 million, reflecting a 2.7% increase from the prior year quarter, with an 18.2% growth in other states, partially offset by a 3.1% decrease in Florida [4] Business Line Data and Key Metrics Changes - Direct premiums earned totaled $538 million, up 3.6% year-over-year, indicating growth in direct premiums written over the past 12 months [5] - Net premiums earned were $363.4 million, up 4.3% from the prior year quarter, attributed to higher direct premiums earned and a lower ceded premium ratio [5] - The net combined ratio improved to 87.5%, down 20.4 points compared to the prior year quarter, due to a lower net loss ratio [5] Market Data and Key Metrics Changes - The net loss ratio decreased to 61.3%, down 21 points from the prior year quarter, reflecting better current accident year results [5] - The net expense ratio increased to 26.2%, up 0.6 points from 25.6% in the prior year quarter, driven by higher other operating costs [6] Company Strategy and Development Direction - The company is negotiating its 2026 reinsurance program, with a substantial portion of its first event catastrophe tower already placed [3] - The company is optimistic about the competitive environment, citing favorable relationships with agency forces and positive market trends [9] - The company plans to continue analyzing markets for profitability, with a focus on Florida, where positive developments have been observed [9][11] Management's Comments on Operating Environment and Future Outlook - Management highlighted the benefits of Florida's legislative reforms, which have stabilized the market and benefited all stakeholders [3] - The company anticipates that favorable legislation and reduced severity and frequency of claims will continue to create a positive environment [10][11] - Management expressed confidence in the company's capital position and reserves, stating they are the strongest in the company's history [3] Other Important Information - The company repurchased approximately 210,000 shares at a cost of $6.9 million during the fourth quarter [6] - A new share repurchase program was announced, allowing for the repurchase of up to $20 million of outstanding shares through January 2028 [6] - A quarterly cash dividend of $0.16 per common share was declared, payable on March 13, 2026 [7] Q&A Session Summary Question: Competitive environment and price declines - Management views the competitive environment as favorable, with positive market trends and increased business across opened markets [9] Question: Regulatory environment and affordability issues - Management credited Florida's legislative actions for the current favorable position of the industry and indicated that a decrease in rates does not necessarily lead to decreased earnings [10][11]
Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 28 Cents per Share & Approval of Stock Repurchase Plan
Globenewswire· 2026-02-13 19:00
ALTAVISTA, Va., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Pinnacle Bankshares Corporation (“Pinnacle” or the “Company”) (OTCQX: PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of $0.28 per share on February 10, 2026, payable March 6, 2026, to shareholders of record as of February 20, 2026. The $0.28 per share cash dividend is equal to the $0.28 paid last quarter and marks the fifty-fourth consecutive quarter that a divide ...
The Andersons, Inc. Declares Cash Dividend for Second Quarter 2026
Prnewswire· 2026-02-12 21:05
Core Viewpoint - The Andersons, Inc. has declared a cash dividend of $0.20 per share for the second quarter of 2026, marking its 118th consecutive quarterly cash dividend since its Nasdaq listing in February 1996 [1]. Company Overview - The Andersons, Inc. operates as a North American agriculture and renewable fuels company, emphasizing extraordinary service to customers, employee development, community support, and increasing company value [1].
Hanmi Financial Increases Cash Dividend 4% to $0.28 per share and Expands Repurchase Authorization
Globenewswire· 2026-01-29 13:00
Core Viewpoint - Hanmi Financial Corporation has declared a cash dividend of $0.28 per share for the first quarter of 2026, representing a 4% increase from the previous quarter, and has expanded its share repurchase authorization to approximately 2.3 million shares, reflecting confidence in its financial strength and commitment to enhancing stockholder returns [1][2]. Dividend Announcement - The cash dividend of $0.28 per share will be paid on February 25, 2026, to stockholders of record as of February 9, 2026 [1]. - This dividend increase indicates the Board's confidence in the company's financial outlook [2]. Share Repurchase Program - The company has expanded its share repurchase authorization by 1.5 million shares, bringing the total repurchase capacity to approximately 2.3 million shares, which is about 7.8% of shares outstanding as of December 31, 2025 [2]. - The repurchase program allows for shares to be bought back in the open market or through private transactions, and management will decide on repurchases based on market conditions and other factors [3][4]. Company Overview - Hanmi Financial Corporation is headquartered in Los Angeles, California, and owns Hanmi Bank, which serves multi-ethnic communities through a network of 32 full-service branches and additional loan production offices across several states [5]. - The bank specializes in real estate, commercial, SBA, and trade finance lending to small and middle-market businesses [5].
Arthur J. Gallagher & Co. Increases Cash Dividend to $0.70 per Share
Prnewswire· 2026-01-28 21:15
Group 1 - Arthur J. Gallagher & Co. declared a quarterly cash dividend of $0.70 per share, which is a $0.05 increase from the previous quarter's dividend [1] - The dividend will be payable on March 20, 2026, to stockholders of record as of March 6, 2026 [1] Group 2 - Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois [2] - The company operates in approximately 130 countries worldwide through its owned operations and a network of correspondent brokers and consultants [2]
JE Cleantech Holdings Limited Announces Declaration of Cash Dividend
Globenewswire· 2026-01-05 13:00
Core Viewpoint - JE Cleantech Holdings Limited has announced a cash dividend of US$0.44 per ordinary share following the successful sale of its leasehold industrial property, resulting in a net gain of approximately US$2.85 million over the net book value [1]. Group 1: Company Announcement - The Board of Directors of JE Cleantech Holdings Limited approved a cash dividend of US$0.44 per ordinary share [1]. - The dividend is payable to shareholders of record at the close of business on January 21, 2026, with the expected payment date around January 28, 2026 [1]. - The recent sale of the leasehold industrial property located at 17 Woodlands Sector 1, Singapore, contributed to a net gain of approximately US$2.85 million [1]. Group 2: Company Overview - JE Cleantech Holdings Limited is based in Singapore and primarily engaged in the sale of cleaning systems and other equipment [2]. - The company also provides centralized dishwashing and ancillary services [2]. - For more information, the company can be contacted via their website or provided contact details [2].
The Andersons, Inc. Declares Cash Dividend for First Quarter 2026
Prnewswire· 2025-12-11 21:05
Core Points - The Andersons, Inc. announced a first quarter 2026 cash dividend of $0.20 per share, payable on January 23, 2026, to shareholders of record as of January 02, 2026, marking a nearly three percent increase from the previous quarter's dividend of $0.195 per share [1] - This announcement represents the 117th consecutive quarterly cash dividend since the company was listed on Nasdaq in February 1996, highlighting its strong financial position and commitment to returning value to shareholders [1] Company Overview - The Andersons, Inc. is a North American agriculture and renewable fuels company, dedicated to providing extraordinary service to customers, supporting employee development, contributing to community improvement, and enhancing company value [2]
Mechanics Bancorp Declares Cash Dividend
Businesswire· 2025-11-26 21:39
Core Viewpoint - Mechanics Bancorp has declared a cash dividend of $0.21 per share for Class A common stock and $2.10 per share for Class B common stock, indicating strong financial performance and shareholder returns [1] Dividend Announcement - The cash dividend is payable on December 15, 2025, to shareholders of record as of the close of business on December 8, 2025 [1] Integration Progress - The integration of HomeStreet Bank is progressing smoothly, suggesting effective management and operational synergy post-acquisition [1] Capital Ratios - The regulatory capital ratios of Mechanics Bancorp are stronger than initially anticipated, reflecting a solid financial position and potential for future growth [1]