HOUSTON, Aug. 21, 2013 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced its 70th consecutive quarterly cash dividend.
HCC's Board of Directors has declared a regular cash dividend of $0.225 per share on the Company's shares of $1.00 par value common stock, which represents a $0.06 per share or 36% increase in the quarterly dividend. The dividend is payable to stockholders of record on October 1, 2013 and will be paid on or about October 15, 2013.
"This is the 17th consecutive, and largest ever, increase in HCC's cash dividend, which reflects our financial stability, consistent operating performance and commitment to prudent capital management through regular dividend payments and share repurchases," said Christopher J.B. Williams, HCC's Chief Executive Officer.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland. As of June 30, 2013, HCC had assets of $10.2 billion and shareholders' equity of $3.5 billion. HCC's major domestic and international insurance companies have financial strength ratings of "AA (Very Strong)" from Standard & Poor's Corporation, "A+ (Superior)" from A.M. Best Company, Inc., "AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's Investors Service, Inc.
For more information about HCC, please visit http://www.hcc.com.
Forward-looking statements contained in this press release are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. The types of risks and uncertainties which may affect the Company are set forth in its periodic reports filed with the Securities and Exchange Commission.
CONTACT: Doug Busker, Director of Investor Relations HCC Insurance Holdings, Inc. Telephone: (713) 996-1192
Source:HCC Insurance Holdings, Inc.