American Coastal Insurance Shares Rise After Special Dividend

Dow Jones12-04

By Chris Wack

American Coastal Insurance shares were up 10% at $14.63 after the company declared a special cash dividend of 50 cents a share.

The insurance holding company said the special dividend is payable Jan. 10, to shareholders of record Jan. 2.

The stock hit its 52-week high of $15.08 earlier in the session, and is up 71% in the past 12 months.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

December 04, 2024 10:45 ET (15:45 GMT)

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