Lancashire Dividends - LRE

Lancashire Dividends - LRE

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Lancashire Holdings Limited LRE London Ordinary Share BMG5361W1047 COM SHS USD0.50
  Price Change Price Change % Stock Price Last Trade
2.00 0.28% 724.50 11:25:50
Open Price Low Price High Price Close Price Previous Close
724.00 721.50 728.50 722.50
more quote information »
Industry Sector

Lancashire LRE Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

jrphoenixw2: hTtps:// ... no Director's buy deals for 11 months...
jrphoenixw2: Fri/16th +1.03% 584 > 590 Mon/19th +3.39% Tue/20th +2.13% Wed 21st +3.53% > 645 = +9.32% since Friday close, +10.5% since Friday open Meanwhile: Ftse-100 Fri/16 at the open to this pm's close = +0.17% Ftse-250 [ditto] = effectively flat Only notable news re: LRE I'm aware of in the interim is Philidelphia Fin Mngmt Inc reduced their short from -0.61% to -0.49% on Tue/20th. On 201.3mm issued shares that's a reduction of +241.5k shares. 30-Day average volume at present = c660-665k, ie that PFM trade = about 36.4% of the daily average.
jrphoenixw2: Some of those issues you list are mentioned in Hiscox results today. LRE are likely getting negative read-across from that. 'Hiscox warns of slower premium growth towards end of year'. hTtps:// I hadn't heard of SCOR, hTtps:// Additionally looking at Google/news on them it seems they've recently aleady rebuffed one M&A approach.
jrphoenixw2: Interesting, thx for that Harley. Next date on my radar is the Record Date 9-Nov, when the £/$ FX rate applicable to the conversion of the US$0.20 dividend is set at noon. FWIW Sterling rose 1.4% vs US$ yesterday, it's largest rise since January 2018.
jrphoenixw2: hTTps:// 3Q out this morning. Haven't read it in detail yet but noted: 'SPECIAL DIVIDEND OF $0.20 PER COMMON SHARE' ... 'Lancashire announces that its Board of Directors has declared a special dividend for 2018 of $0.20 per common share (approximately (£0.15) per common share at the current exchange rate), which will result in an aggregate payment of approximately $40.0 million. The dividend will be paid in Pounds Sterling on 12 December 2018 (the "Dividend Payment Date") to shareholders of record on 9 November 2018 (the "Record Date") using the £ / $ spot market exchange rate at 12 noon London time on the Record Date.'
jrphoenixw2: I've run the weekly numbers on my FTSE-350 stocks. The last 2 weeeks have been a yo-yo for LRE. It's extrememly rare for me to see almost 'symmetrical' volatility like this... Last week -50.5p/-8.6% from 587 This week +50/+9.3% to 586.5 If not for Friday's 1/2p drop, we'd have ended exactly where we started 2 weeks ago!
speedsgh: On interim dividend... Lancashire announces that its Board of Directors has declared an interim dividend for 2018 of $0.05 per common share (approximately (£0.03) per common share at the current exchange rate), which will result in an aggregate payment of approximately $10.0 million. The dividend will be paid in Pound Sterling on 12 September 2018 (the "Dividend Payment Date") to shareholders of record on 17 August 2018 (the "Record Date") using the £ / $ spot market exchange rate at 12 noon London time on the Record Date.
jrphoenixw2: dd. 3-May, Extract: 'Earlier this year, shares in Lloyd’s of London insurer Lancashire Holdings (LSE: LRE) slumped after the company announced its first underwriting loss since its IPO, thanks to the string of hurricanes that whipped the east coast of the United States throughout the second half of 2017. While this was disappointing, the fallout from these catastrophes has allowed insurers to increase rates charged to customers for the first time in several years. As Lancashire’s first quarter results show, the company is taking full advantage of the favourable environment to make up for last year’s issues. Profits rising Today the insurance group reported that pre-tax profits for the first quarter of 2018 nearly doubled to $42.4m on gross insurance premiums of $216m. Higher rates charged to customers as well as a benign loss environment help boost profits. The company’s combined ratio — a measure of underwriting profitability — improved to 65.2% from 85.6% (a ratio of less than 100% indicates a profit). Based on these figures, I’m expecting the company to announce a bumper dividend payout towards the end of the year. Lancashire has a history of paying out almost all of its profit to shareholders via special dividends. Unfortunately, last year due to catastrophe losses, the group decided not to issue a special payout as it needed the cash to meet claims. But with profits rising, it’s more than likely that the group will reinstate its distribution policy towards the end of the year. City analysts have pencilled in a special distribution of approximately 30p per share, giving a dividend yield for the full year of 5.6%. However, if profits continue at the current rate for the rest of the year, according to my figures, Lancashire is on track to earn a net income of $170m for 2018, similar to the level recorded for 2015 and 2016. In both of these years, the company paid out a special dividend of 60p. With this being the case, I believe the City’s 30p estimate is far too conservative. A special payout of 60p per share would leave the stock yielding 9.6%.' hTTps://
jrphoenixw2: Having skimmed through the results it all looks bleak to me... Anyway, for the record here's the detail of the div. ----- Dividends The Lancashire Board declared the following dividends during 2017: • A final dividend relating to 2016 of $0.10 per common share; and • An interim dividend of $0.05 per common share. Lancashire announces that its Board of Directors has declared a final dividend for 2017 of $0.10 per common share (approximately (£0.07) per common share at the current exchange rate), which will result in an aggregate payment of approximately $20 million. The dividend will be paid in Pounds Sterling on 21 March 2018 (the "Dividend Payment Date") to shareholders of record on 23 February 2018 (the "Record Date") using the £ / $ spot market exchange rate at 12 Noon London time on the Record Date.
speedsgh: jrp - Think you are getting confused? The next dividend payable will be the interim dividend (paid in Aug/Sep). This is announced in the Half Year Results which are usually released at the end of July. As per 2016 Interims - HTTP:// Then, if payable, the first special dividend (paid Dec) is announced in the Q3 Results which are usually released at the start of Nov. As per Q3 Results 2016 - HTTP:// And then the final dividend - and any second special dividend, if declared - are paid in Mar/Apr. Details of this are announced in the Final Results which are usually released in Feb. As per the most recent Final Results for 2016 - HTTP:// Any dividend information contained within the Q1 Results is usually historical & refers back to the dividend already announced in the Final Results and which, by the time of the Q1 Results, will have already been paid. For example, from last year's Q1 Results : "During the first quarter of 2016, the Lancashire Board of Directors declared a final dividend in respect of 2015 of $0.10 (£0.07) per common share. The dividends, totalling $19.8 million, were paid on 23 March 2016 to shareholders of record on 26 February 2016. The Group will continue to review the appropriate level and composition of capital for the Group with the intention of managing capital to enhance risk-adjusted returns on equity." See HTTP:// Aimho
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