AUSTIN, TX – May 19, 2021 – Lion Street, Inc. today announced that its Board of Directors approved a cash dividend, amounting to $0.44 per share for shareholders of record as of May 3, 2021.
The cash dividend comes on the heels of Lion Street’s May 2019 company recapitalization event, which returned all investor capital and preferred dividends to stockholders across Lion Street’s national network of independent firms and financial advisors.
In addition, the disbursement follows Lion Street’s most profitable year to date, with 2020 year-end results totaling over $15 billion+ assets under management, $150 million+ of weighted premium, $500 million+ of total premium, and $12 billion+ of total death benefit.
“Since Lion Street’s inception in 2010, our network of firms and advisors have aligned their interests through equity co-ownership,” said Bob Carter, Lion Street’s Founder & Chief Executive Officer. “The cash dividend is another significant step for Lion Street in returning value to our shareholders, in addition to world-class resources. We are well positioned for sustained shareholder stock value as we enter the next phase of company growth.”
Strengthening Economy Leads To Stable Outlook For Life Insurance
Fitch Revises Life Insurance Outlook To Stable
Advisor News
- Navigating client communication in a digital age
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- Health plans task force fight Medicaid fraud
- Recent Findings from Brown University Provides New Insights into Managed Care (Use of Brokers In Medicare Advantage and Standalone Part D Plans): Managed Care
- More than 1,700 Pottawattamie County residents face Medicare plan cancellations
- KENTUCKY CAN CUT HEALTH PREMIUMS WITHOUT SPENDING A DIME
- SpecialtyCare sues Anthem over $2.5 million in unpaid awards
More Health/Employee Benefits NewsProperty and Casualty News
- Does Homeowners Insurance Actually Cover Wildfire Damage? What Most Policyholders Don't Know
- Gov. Hochul announces statewide crackdown on staged crashes to curb auto insurance fraud
- FEMA launches new online tool to buy flood insurance
- Americans Draw the Human Line on AI in Insurance: Fast on Yes, Human on No
- GOVERNOR HOCHUL ANNOUNCES 16 ARRESTS IN STATE CRACKDOWN ON AUTO INSURANCE FRAUD
More Property and Casualty News