This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Montpelier Re Announces 11% Increase to Regular Quarterly Dividend
Hamilton, Bermuda – 17 November, 2010 - Montpelier Re Holdings Ltd. (NYSE:MRH) announced that its Board of Directors has agreed to increase the regular quarterly dividend payable on the Company’s issued common shares by 11%. The Board has declared a quarterly dividend of $0.10 per common share, payable on 14 January, 2011, to all shareholders of record as of 31 December, 2010.
The Board of Directors of the Company currently intends to maintain the regular dividend at the increased level in future periods, and will consider further adjustments in dividend policy periodically. Any future determination to pay dividends or distributions to shareholders will remain at the discretion of the Board and will be dependent upon many factors, including the Company’s results of operations, cash flows, financial position, capital requirements, general business opportunities, legal, tax, regulatory and contractual restrictions.
Montpelier Re, through its operating subsidiaries, is a premier provider of global property and casualty reinsurance and insurance products. Additional information can be found in the Company’s public filings with the Securities and Exchange Commission.
Contacts
Montpelier Re Holdings Ltd.
Investors:
William Pollett, Treasurer & SVP, 441-299-7576
or
Media:
Jeannine Menzies, Corporate Affairs Manager, 441-299-7570