Aspen Announces 9.1% Increase in Quarterly Dividend to $0.24 per Ordinary Share
27 April 2017 - 1:00AM
Business Wire
Declares Dividends on Ordinary Shares and
Preference Shares
The Board of Directors of Aspen Insurance Holdings Limited
(“Aspen”) (NYSE:AHL) has declared a quarterly cash dividend on
Aspen’s ordinary shares of $0.24 per ordinary share. The amount
payable increased by $0.02 per ordinary share from Aspen’s previous
quarterly dividend. The dividend is payable on May 30, 2017 to the
holders of record as of the close of business on May 12,
2017.
In addition, Aspen’s Board of Directors declared a dividend on
its 7.250% Perpetual Non-Cumulative Preference Shares with a $25
liquidation preference per share (the “7.250% Preference Shares”)
of $0.4531 per 7.250% Preference Share. The dividend is payable on
July 1, 2017 to the holders of record as of the close of business
on June 15, 2017.
Aspen’s Board of Directors also declared a dividend on its 5.95%
Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares
with a $25 liquidation preference per share (the “5.95% Preference
Shares”) of $0.3719 per 5.95% Preference Share. The dividend is
payable on July 1, 2017 to the holders of record as of the close of
business on June 15, 2017.
In addition, Aspen’s Board of Directors declared a dividend on
its 5.625% Perpetual Non-Cumulative Preference Shares with a $25
liquidation preference per share (the “5.625% Preference Shares”)
of $0.3516 per 5.625% Preference Share. The dividend is payable on
July 1, 2017 to the holders of record as of the close of business
on June 15, 2017.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in
various domestic and global markets through wholly-owned
subsidiaries and offices in Australia, Bermuda, Canada, France,
Germany, Ireland, Singapore, Switzerland, the United Arab Emirates,
the United Kingdom and the United States. For the year ended
December 31, 2016, Aspen reported $12.1 billion in total assets,
$5.3 billion in gross reserves, $3.6 billion in total shareholders’
equity and $3.1 billion in gross written premiums. Its operating
subsidiaries have been assigned a rating of “A” by Standard &
Poor’s Financial Services LLC (“S&P”), an “A” (“Excellent”) by
A.M. Best Company Inc. (“A.M. Best”) and an “A2” by Moody’s
Investors Service, Inc. (“Moody’s”).
Application of the Safe Harbor of the Private Securities
Litigation Reform Act of 1995
This press release may contain written “forward-looking
statements” within the meaning of the U.S. federal securities laws.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that do not
relate solely to historical or current facts, and can be identified
by the use of words such as “expect,” “intend,” “plan,” “believe,”
“do not believe,” “project,” “anticipate,” “seek,” “will,”
“estimate,” “may,” “likely,” “continue,” “assume,” “objective,”
“aim,” “guidance,” “outlook,” “trends,” “future,” “could,” “would,”
“should,” “target,” “on track” and similar expressions of a future
or forward-looking nature.
All forward-looking statements rely on a number of assumptions,
estimates and data concerning future results and events and are
subject to a number of uncertainties and other factors, many of
which are outside Aspen’s control that could cause actual results
to differ materially from such statements. For a detailed
description of uncertainties and other factors that could impact
the forward-looking statements in this press release, please see
the “Risk Factors” section in Aspen’s Annual Report on Form 10-K
for the year ended December 31, 2016 filed with the U.S. Securities
and Exchange Commission on February 22, 2017. Aspen undertakes no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
For further information:
Please visit www.aspen.co
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version on businesswire.com: http://www.businesswire.com/news/home/20170426005999/en/
InvestorsAspenMark Jones, +1 (646) 289 4945Senior Vice
President, Investor
Relationsmark.p.jones@aspen.coorMediaAspenSteve Colton, +44
20 7184 8337Head of Group CommunicationsSteve.colton@aspen.co
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