Enstar Group will pay cash dividends on Series D and E preference shares on June 2, 2025.
Quiver AI Summary
Enstar Group Limited announced that it will distribute cash dividends for its Series D and Series E preference shares, each amounting to $0.43750 per depositary share. These dividends are set to be paid on June 2, 2025, to shareholders of record by May 15, 2025. Enstar, a globally recognized insurance group listed on NASDAQ, specializes in innovative capital release solutions and has made over 120 acquisitions since its inception in 2001. The press release also includes cautionary statements regarding forward-looking statements, noting that actual results may vary due to various risks and uncertainties.
Potential Positives
- Enstar Group Limited has announced the payment of cash dividends on its Series D and Series E preference shares, indicating a commitment to return value to shareholders.
- The dividends are set at $0.43750 per depositary share for both Series D and Series E preference shares, reflecting strong financial stability and capacity to reward investors.
- Dividends are payable on June 2, 2025, to shareholders of record on May 15, 2025, providing clear timelines for shareholders regarding future cash flows.
- As a NASDAQ-listed company and a market leader in legacy acquisitions, this announcement reinforces Enstar's ongoing success and investment attractiveness in the global insurance market.
Potential Negatives
- Issuing dividends may indicate that the company has limited options for reinvesting profits into growth initiatives, potentially signaling a lack of future expansion plans.
- The preference shares are non-cumulative, which could concern investors about the company's commitment to long-term value creation especially in uncertain economic conditions.
FAQ
What dividends is Enstar Group paying on its preference shares?
Enstar Group is paying $0.43750 per depositary share on its Series D and Series E preference shares.
When will the cash dividends be payable?
The dividends on both Series D and Series E preference shares will be payable on June 2, 2025.
Who is eligible for the dividends on Enstar's preference shares?
Shareholders of record on May 15, 2025, are eligible for the dividends.
What is the percentage rate for Enstar's preference shares?
Both Series D and Series E preference shares have a fixed rate of 7.00%.
Where can I find more information about Enstar Group?
More information about Enstar Group can be found on their official website at www.enstargroup.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ESGR Insider Trading Activity
$ESGR insiders have traded $ESGR stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $ESGR stock by insiders over the last 6 months:
- HANS-PETER GERHARDT has made 0 purchases and 2 sales selling 14,934 shares for an estimated $4,958,137.
- HITESHKUMAR R. PATEL sold 484 shares for an estimated $160,770
- BERNARD F. BECKER has made 0 purchases and 2 sales selling 200 shares for an estimated $65,534.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ESGR Hedge Fund Activity
We have seen 136 institutional investors add shares of $ESGR stock to their portfolio, and 98 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 300,308 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $96,714,191
- GLAZER CAPITAL, LLC added 239,610 shares (+128.6%) to their portfolio in Q4 2024, for an estimated $77,166,400
- FOURWORLD CAPITAL MANAGEMENT LLC added 208,600 shares (+inf%) to their portfolio in Q4 2024, for an estimated $67,179,630
- MILLENNIUM MANAGEMENT LLC added 179,993 shares (+759.0%) to their portfolio in Q4 2024, for an estimated $57,966,745
- TUDOR INVESTMENT CORP ET AL added 164,649 shares (+175.9%) to their portfolio in Q4 2024, for an estimated $53,025,210
- FULLER & THALER ASSET MANAGEMENT, INC. removed 162,425 shares (-56.9%) from their portfolio in Q4 2024, for an estimated $52,308,971
- CROW'S NEST HOLDINGS LP removed 135,000 shares (-79.4%) from their portfolio in Q4 2024, for an estimated $43,476,750
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HAMILTON, Bermuda, May 05, 2025 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that it will pay cash dividends on its Series D and Series E preference shares.
Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series D Preference Share) will be payable on June 2, 2025 to shareholders of record on May 15, 2025.
Dividends on Enstar’s Series E 7.00% Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series E Preference Share) will be payable on June 2, 2025 to shareholders of record on May 15, 2025.
About Enstar
Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Australia, Lichtenstein and Belgium. A market leader in completing legacy acquisitions, Enstar has acquired over 120 companies and portfolios since its formation in 2001. For further information about Enstar, see www.enstargroup.com .
Cautionary Statement
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the intent, belief or current expectations of Enstar and its management team. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2024 and are incorporated herein by reference. Furthermore, Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law.
Contact:
Enstar Communications
Telephone:
+1 (441) 292-3645
