State National Companies Announces Quarterly Cash Dividend
May 20 2015 - 4:05PM
State National Companies, Inc. (Nasdaq:SNC) today announced that
its Board of Directors has declared a regular cash dividend of
$0.01 per share payable on its outstanding common stock. The
dividend will be paid on July 6, 2015 to all shareholders of record
on June 19, 2015.
About State National Companies, Inc.
State National Companies, Inc. (Nasdaq:SNC) is a leading
specialty provider of property and casualty insurance operating in
two niche markets across the United States. In its Program Services
segment, the Company leverages its "A" (Excellent) A.M. Best
rating, expansive licenses and reputation to provide access to the
U.S. property and casualty insurance market in exchange for a
ceding fee. In its Lender Services segment, the company specializes
in providing collateral protection insurance, which insures
personal automobiles and other vehicles held as collateral for
loans made by credit unions, banks and specialty finance companies.
To learn more, please visit www.statenational.com.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
Various statements contained in this press release, including
those that express a belief, expectation or intention, as well as
those that are not statements of historical fact, are
forward-looking statements made pursuant to the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements may include projections and
estimates concerning the timing and success of specific projects
and our future production, revenues, income and capital spending.
Our forward-looking statements are generally, but not always,
accompanied by words such as "estimate," "believe," "expect,"
"anticipate," "would," "will," "may," "plan," "goal," "target,"
"could," "continue," "intend" or other words that convey the
uncertainty of future events or outcomes. While our management
considers these expectations and assumptions to be reasonable, they
are inherently subject to significant business, economic,
competitive, regulatory and other risks, contingencies and
uncertainties, most of which are difficult to predict and many of
which are beyond our control.
Examples of forward-looking statements include the plans and
objectives of management for future operations, including those
relating to future growth of our business, and are based on current
expectations that involve assumptions that are difficult or
impossible to predict accurately and many of which are beyond our
control. There can be no assurance that actual developments will be
those anticipated by us. Actual results may differ materially from
those expressed or implied in these statements as a result of
significant risks and uncertainties, including, but not limited to,
our ability to recover from our capacity providers, the cost and
availability of reinsurance coverage, challenges to our use of
issuing carrier or fronting arrangements by regulators or changes
in state or federal insurance or other statutes or regulations, our
dependence on a limited number of business partners, potential
regulatory scrutiny of lender-placed automobile insurance, level of
new car sales, availability of credit for vehicle purchases and
other factors affecting automobile financing, our ability to
compete effectively, a downgrade in the financial strength ratings
of our insurance subsidiaries, our ability to accurately underwrite
and price our products and to maintain and establish accurate loss
reserves, changes in interest rates or other changes in the
financial markets, the effects of emerging claim and coverage
issues, changes in the demand for our products, the effect of
general economic conditions, breaches in data security or other
disruptions with our technology, and changes in pricing or other
competitive environments.
Forward-looking statements involve inherent risks and
uncertainties and State National Companies cautions readers that
various factors could cause its actual financial and operational
results to differ materially from those indicated by
forward-looking statements made from time-to-time in news releases,
reports, proxy statements, registration statements, and other
written communications, as well as oral statements made from time
to time by representatives of State National Companies. These
factors and other risks and uncertainties are described in detail
in our Annual Report on Form 10-K for the year ended December 31,
2014 and our other filings with the Securities and Exchange
Commission. The forward-looking statements in this press release
speak only as of the date of this release, and we undertake no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
CONTACT: State National Companies, Inc.
David Hale, COO & CFO
817-265-2000
Dennard * Lascar Associates
Rick Black
713-529-6600
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