OdysseyRe Declares Dividends on Series A and Series B Preferred Stock.STAMFORD, Conn. -- Odyssey Re Holdings Corp. (NYSE NYSE See: New York Stock Exchange : ORH ORH Worcester (Airport) ORH Operation Restore Hope ORH Worcester, MA, USA - Worcester /James D O'Brien Field (Airport Code) ) announced today that its Board of Directors declared a cash dividend of $0.5078125 per share on OdysseyRe's 8.125% non-cumulative Series A preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. and $0.5381250 per share on OdysseyRe's floating rate non-cumulative Series B preferred shares. The dividends will be payable on April 20, 2007 to Series A and Series B preferred shareholders of record on March 31, 2007. Odyssey Re Holdings Corp. is a leading worldwide underwriter of property and casualty treaty and facultative reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , as well as specialty insurance. OdysseyRe operates through its subsidiaries, Odyssey America Reinsurance Corporation, Hudson Insurance Company, Hudson Specialty Insurance Company, Clearwater Insurance Company, Newline Underwriting Management Limited and Newline Insurance Company Limited. The Company underwrites through offices in the United States, London, Paris, Singapore, Toronto and Latin America. Odyssey Re Holdings Corp. is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol ORH. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion