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.”
Download the full press release.