SIGIP Selective Insurance Group, Inc. ADRs of 4.60% Non-Cumulative Preferred, Series B

We will pay dividends on the Series B preferred stock only when, as and if declared by our board of directors (or a duly authorized committee thereof) out of funds legally available for the payment of dividends. Any such dividends will be payable at a rate of 4.60% per annum, on a non-cumulative basis from the date of original issue, quarterly in arrears on the 15th day of March, June, September and December of each year, commencing on March 15, 2021. We may, at our option, redeem the Series B preferred stock in whole or in part, from time to time, on or after December 15, 2025, at a redemption price equal to $25.00 per depositary share, plus an amount equal to any declared but unpaid dividends and the portion of the quarterly dividend per share attributable to the then-current dividend period that has not been declared and paid to, but excluding, such redemption date.  This security was issued by Selective Insurance Group Inc, whose common stock symbol is SIGI.

$17.46  0.00 (0.00%)
As of 03/24/2023 00:00:00 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Insurance—Property & Casualty
Index country:  USA
Country of incorporation:  USA
IPO date:  12/04/2020
Outstanding shares:  8,000,000
Average volume:  5,257
Market cap:   $139,840,000
Current dividend yield:  6.58%    calculation
Coupon rate:    4.600%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   03/15/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BNHP5W5