State National Companies Announces Quarterly Cash Dividend
November 18 2015 - 4:05PM
State National Companies, Inc. (NASDAQ:SNC) today announced that
its Board of Directors has declared a regular cash dividend of
$0.06 per share payable on its outstanding common stock. The
dividend will be paid on December 30, 2015 to all shareholders of
record on December 16, 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 ceding fees. 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. The Company routinely posts important
company information on its website.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING
STATEMENTS
Various statements contained in this press
release 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,” “will,” “plan,” “target,” “could” or other words
that convey the uncertainty of future events or outcomes.
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 that are difficult to predict, many of
which are beyond our control. Additional information about these
risks and uncertainties is contained in our 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.
CONTACTS:
State National Companies, Inc.
David Hale, COO & CFO
817-265-2000
Dennard ▪ Lascar Associates
Rick Black
713-529-6600
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