Business
Kingstone Reinstates Quarterly Cash Dividend Reflecting Strong Financial Position
KINGSTON, NY / ACCESS Newswire / July 22, 2025 / Kingstone Companies, Inc. (NASDAQ:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that its Board of Directors has declared ...
About this update from Kingstone Companies, Inc
[{"type":"text","content":"KINGSTON, NY / ACCESS Newswire / July 22, 2025 / Kingstone Companies, Inc. (NASDAQ:KINS) (the "Company" or "Kingstone"), a Northeast regional property and casualty insurance holding company, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock for the first time since the third quarter of 2022.","length":365,"tagName":"p"},{"type":"text","content":"The Company will pay a dividend of $0.05 per share of its common stock, payable on August 26, 2025, to stockholders of record at the close of business on August 11, 2025. Moving forward, Kingstone expects to continue to pay a quarterly dividend to its stockholders.","length":265,"tagName":"p"},{"type":"text","content":"Meryl Golden, Chief Executive Officer at Kingstone, stated, "We are delighted to announce the reinstatement of quarterly dividends on Kingstone's common stock. The Company has been delivering exceptional financial performance driven by strong underwriting results and generating significant cashflows from operations consistently over the last two years. While we suspended our dividend program in November 2022 as a requirement of our debt refinancing, we laid out a thoughtful plan to restore Kingstone to solid financial footing. We meticulously executed on our plan, paid off the debt ahead of its maturity, and have now positioned Kingstone in its strongest financial position since 2021. Our improved performance, along with our healthy balance sheet, gives us confidence in restoring the dividend at this time. We are committed to enhancing stockholder value through responsible capital stewardship and advancing our growth initiatives."","length":958,"tagName":"p"},{"type":"text","content":"About Kingstone Companies, Inc.Kingstone is a northeast regional property and casualty insurance holding company whose principal operating subsidiary is Kingstone Insurance Company ("KICO"). KICO is a New York domiciled carrier writing business through retail and wholesale agents and brokers. KICO is actively writing personal lines and commercial auto insurance in New York, and in 2024 was the 12th largest writer of homeowners insurance in New York. KICO is also licensed in New Jersey, Rhode Island, Massachusetts, Connecticut, Pennsylvania, New Hampshire, and Maine.","length":583,"tagName":"p"},{"...