TAMPA, Fla.--(BUSINESS WIRE)--1347 Property Insurance Holdings, Inc. (Nasdaq:PIH) (the “Company”), a property and casualty insurance holding company offering specialty insurance to customers in Louisiana, Texas and Florida through its wholly-owned subsidiary, Maison Insurance Company (“Maison”), announced today that it has declared an initial quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on February 28, 2018 and ending on June 14, 2018.
In accordance with the terms of the 8.00% Cumulative Preferred Stock, Series A, of the Company, on May 11, 2018, the Board of Directors declared an initial Preferred Stock cash dividend of $0.5833 per share for the period that began on February 28, 2018 and ends on June 14, 2018. The dividend is payable on June 15, 2018 to holders of record at the close of business on June 1, 2018. The Preferred Stock is currently listed on the Nasdaq Stock Market and trades under the ticker symbol “PIHPP”.
About 1347 Property Insurance Holdings, Inc.
1347 Property Insurance Holdings, Inc. is a specialized property and casualty insurance holding company incorporated in Delaware. The Company provides property and casualty insurance in Louisiana and Texas through its wholly-owned subsidiary Maison Insurance Company (“Maison”). Maison was recently licensed in the State of Florida and began covering risks in the state via the assumption of policies from Florida Citizens Property Insurance Corporation on December 19, 2017. The Company’s insurance offerings for customers currently include homeowners, wind and hail only, manufactured home and dwelling fire policies.
Additional information about 1347 Property Insurance Holding, Inc., including its Annual Report on Form 10-K for the fiscal year ended December 31, 2017, can be found at the U.S. Securities and Exchange Commission’s website at www.sec.gov, or at PIH’s corporate website: www.1347pih.com.