Latest Key Developments (Source: Significant Developments)
Homeowners Choice Inc Declares Dividends On Preferred Shares
Homeowners Choice, Inc., doing business as HCI Group, Inc., announced that it has declared cash dividends of $0.05833 per share on its Series A Cumulative Redeemable Preferred Stock (HCIIP) for the months ending June 30, July 31 and August 31, 2013. Preferred Dividend Payout Schedule: The June 2013 dividend is payable July 29, 2013 to shareholders of record at the close of business on July 1, 2013; The July 2013 dividend is payable August 27, 2013 to shareholders of record at the close of business on August 1, 2013; and The August 2013 dividend is payable September 27, 2013 to shareholders of record at the close of business on September 3, 2013. Full Article
Homeowners Choice Inc Declares Regular Quarterly Cash Dividend On Common Shares
Homeowners Choice Inc announced that its board of directors has declared a regular quarterly cash dividend in the amount of 22.5 cents per common share for the second quarter of 2013. The dividend will be paid June 21, 2013 to shareholders of record on the close of business May 17, 2013. Full Article
Homeowners Choice Inc Declares Dividends On Preferred Shares
Homeowners Choice Inc announced that Board Of Directors has declared cash dividends of 5.833 cents per share on its Series A Cumulative Redeemable Preferred Stock (HCIIP) for the months ending March 31, April 30 and May 31, 2013. The March 2013 dividend is payable April 29, 2013 to shareholders of record at the close of business on April 1, 2013. The April 2013 dividend is payable May 28, 2013 to shareholders of record at the close of business on May 1, 2013. The May 2013 dividend is payable June 27, 2013 to shareholders of record at the close of business on June 3, 2013. Full Article
Homeowners Choice Inc Completes $40 Million Offering Of Senior Notes
Homeowners Choice Inc announced that it has completed an underwritten public offering of $40,250,000 aggregate principal amount of 8.00% senior notes due 2020. The notes will mature on January 30, 2020, and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after January 30, 2016, at a redemption price equal to the principal amount redeemed plus accrued and unpaid interest. The notes bear interest at a rate of 8.00% per year, payable quarterly on January 30, April 30, July 30 and October 30 of each year, beginning April 30, 2013.Homeowners Choice intends to use the net proceeds from this offering for working capital and general corporate purposes. The Company expects the notes to begin trading on the New York Stock Exchange under the ticker symbol "HCJ" on January 31, 2013. Full Article
Homeowners Choice Inc Declares Regular Quarterly Cash Dividend On Common Shares
Homeowners Choice Inc announced that its board of directors has declared a regular quarterly cash dividend in the amount of 22.5 cents per common share for the first quarter of 2013. The dividend will be paid March 15, 2013 to shareholders of record on the close of business February 15, 2013. Full Article
Homeowners Choice Inc Prices Public Offering Of $35Million Of Senior Notes Due 2020
Homeowners Choice Inc announced that it priced an underwritten public offering of $35 million aggregate principal amount of 8.00% Senior Notes due 2020. The notes will mature on January 30, 2020, and may be redeemed in whole or in part at any time or from time to time at the company's option on or after January 30, 2016, at a redemption price equal to the principal amount redeemed plus accrued and unpaid interest. The notes will bear interest at a rate of 8.00% per year payable quarterly on January 30, April 30, July 30 and October 30 of each year, beginning April 30, 2013. The company has granted the underwriters an option to purchase up to an additional $5.25 million aggregate principal amount of notes to cover over-allotments, if any. Homeowners Choice intends to use the net proceeds from this offering for working capital and general corporate purposes. Sterne, Agee & Leach, Inc. is acting as sole book-running manager for the offering. Wunderlich Securities, Inc. and Incapital LLC are serving as co-lead managers and JMP Securities LLC, Gilford Securities Incorporated, J.J.B. Hilliard, W.L. Lyons, LLC and Maxim Group LLC are acting as co-managers for the offering. The offering is expected to close on January 17, 2013, subject to customary closing conditions. Full Article
Homeowners Choice Inc Announces Senior Notes Offering
Homeowners Choice Inc announced the commencement of an underwritten public offering of its senior unsecured notes. Homeowners Choice intends to use the net proceeds from this offering for working capital and general corporate purposes. Sterne, Agee & Leach, Inc. is acting as sole book-running manager for the offering. Wunderlich Securities, Inc. and Incapital LLC are serving as co-lead managers and JMP Securities LLC, Gilford Securities Incorporated, J.J.B. Hilliard, W.L. Lyons, LLC, and Maxim Group LLC are acting as co-managers for the offering. Full Article
Homeowners Choice Inc Declares Dividends On Preferred Shares
Homeowners Choice Inc announced that its board of directors has declared cash dividends of 5.833 cents per share on its Series A Cumulative Redeemable Preferred Stock ("HCIIP") for the months ending December 31, January 31, 2013 and February 28, 2013. The December dividend is payable January 28, 2013 to shareholders of record at the close of business on January 2, 2013. The January 2013 dividend is payable February 27, 2013 to shareholders of record at the close of business on February 1, 2013. The February 2013 dividend is payable March 27, 2013 to shareholders of record at the close of business on March 1, 2013. Full Article
Homeowners Choice Inc Announces Quarterly Common Dividend And Declares Special Dividend
Homeowners Choice Inc announced that Board of Directors has declared a regular quarterly cash dividend on common shares in the amount of 22.5 cents per share, which represents a 12.5% increase over the previous quarterly rate of 20 cents per share. In addition, the Board declared a special dividend of 10 cents per common share. Both the regular quarterly dividend and the special dividend will be paid December 21, 2012 to shareholders of record on the close of business November 16, 2012. Full Article
Homeowners Choice Inc Declares Dividends on Preferred Shares
Homeowners Choice Inc announced that its board of directors has declared cash dividends of 5.833 cents per share on its Series A Cumulative Redeemable Preferred Stock (HCIIP) for the months ending September 30, October 31 and November 30, 2012. The September dividend is payable October 29, 2012 to shareholders of record at the close of business on October 1, 2012. The October 2012 dividend is payable November 27, 2012 to shareholders of record at the close of business on November 1, 2012. The November 2012 dividend is payable December 27, 2012 to shareholders of record at the close of business on December 3, 2012. Full Article
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