International General Insurance Holdings raises its quarterly payout to $0.075, marking a 50% increase from the prior $0.050 dividend.
International General Insurance Holdings (IGIC) announced a 50% increase in its quarterly dividend to $0.075 per share, up from $0.050 previously. The move reflects the company’s confidence in its financial position and cash flow stability.
The new dividend represents a forward yield of 1.22%. The payout will be distributed on June 11 to shareholders of record as of May 28, with the ex-dividend date also set for May 28.
The increase follows a period of steady performance and aligns with IGIC’s strategy to enhance shareholder returns. No immediate market reaction was disclosed in the announcement.