$1.50 per share: Slide Insurance declares special payout alongside quarterly dividend
Key Facts
Slide Insurance’s board declared a one-time special dividend of $1.50 per share on October 27, 2026, alongside a quarterly dividend of $0.07 per share. The company said in its statement that both dividends were declared on common shares. Based on the announced amounts, the special dividend is more than 20 times the quarterly dividend. Both payments are scheduled for November 30, 2026. The announcement comes under the quarterly dividend policy the company began in July, with an exceptional payment added to the regular dividend.
The statement set the close of business on November 23, 2026, as the record date for shareholders eligible for both dividends. Eligibility is therefore tied to being on the company’s register on that date. Payment will follow a week later, on November 30. The scheduled payment includes the quarterly dividend and the one-time special dividend. The company’s shares closed at $29.08 on October 26, according to EL7 data.
The dividends follow strong results the company posted in the second quarter of 2026. Gross written premiums rose 16.7% year over year to $508 million, compared with $435.4 million in the second quarter of 2025. Net income was $134.9 million, up 92.4% from $70.1 million a year earlier. The results showed premiums and income rising from the same period a year earlier. The figures were for the quarter ended June 30, 2026.
The company’s combined ratio improved to 57.6% in the second quarter from 67.4% in the same period a year earlier, an improvement of 980 basis points. Slide attributed the change to a lower loss ratio and improved operating leverage. The metric offers a view of the performance of its insurance operations in the period before the dividend announcement. In a financing development, EL7 reported on October 27 that the company had entered into a new $1.07 billion credit agreement. The announcement of the two dividends did not link the agreement to the board’s decision.
The company had previously announced that it was opening for new business in Texas and Rhode Island, saying the expansion was part of its geographically diversified growth strategy. This adds context to the expansion of its operations ahead of the dividend announcement. However, any future dividend declaration remains at the board’s discretion, according to the company’s statement. Slide said future payment decisions would depend on factors including its financial position and operating results. The current dividend announcement does not constitute a stated commitment to repeat the special dividend.
Slide had previously scheduled the release of its third-quarter results for after the market close on October 27, 2026. The company invited investors to a call to discuss the results on October 28 at 8:30 a.m. Eastern Time. The call is scheduled to include a live webcast, according to the company’s statement. It is set for one day after the dividend announcement. The information available here did not include third-quarter results figures.