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PEMBROKE, Bermuda – Fidelis Insurance Holdings Limited (NYSE:FIHL), a global specialty insurance company, announces the launch of a dividend program, with the first quarterly payment of 0.10 per share on March 29, 2024. Dollars are scheduled. Dividends will be distributed on the 15th of 2024.
The launch of the dividend program comes a year after the company made significant strategic advances that strengthened its balance sheet. CEO Dan Burroughs expressed confidence in Fidelis' continued growth prospects and commitment to shareholder returns, citing favorable market conditions and the company's recent $50 million stock repurchase program.
Fidelis operates in the Specialty, Bespoke and Reinsurance segments and aims to take advantage of the dynamic (re)insurance market and change its business mix according to market cycles. Headquartered in Bermuda and with offices around the world, this insurance company maintains his A- (Excellent) financial strength rating from major rating agencies such as AM Best, S&P, and Fitch.
Although this dividend announcement is a forward-looking statement, the Company cautions that such statements involve risks and uncertainties that could cause actual results to differ materially. These forward-looking statements are based on management's current expectations and are not guarantees of future performance.
Investors are advised of the Company's filings with the SEC, including the “Risk Factors” detailed in Fidelis Insurance Holdings Limited's final IPO prospectus and subsequent filings filed on June 30, 2023. We encourage you to review the documentation and better understand the risks and uncertainties involved. comment.
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