Enstar Group (NASDAQ:ESGRP) Shares Up 0.4% Following Dividend Announcement

Enstar Group Limited (NASDAQ:ESGRP)’s share price traded up 0.4% on Wednesday after the company announced a dividend. The stock traded as high as $20.62 and last traded at $20.34. 23,580 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 30,051 shares. The stock had previously closed at $20.26.

The newly announced dividend which will be paid on Monday, March 3rd. Stockholders of record on Saturday, February 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Friday, February 14th.

Enstar Group Stock Down 0.3 %

The stock’s fifty day moving average is $20.40 and its two-hundred day moving average is $20.53.

Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.