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Montpelier Re declares quarterly dividend

Bermuda-based Montpelier Re Holdings Ltd. has announced it will issue a quarterly dividend on both its common and preferred shares.The company declared a dividend of $0.115 per common share and a quarterly dividend of $0.554688 per 8.875 percent non-cumulative preferred share, series A.The dividends are payable on or before April 15, 2013, to all shareholders of record as of March 28, 2013.The company says its board currently intends to maintain the dividend per common share at the current level in future periods and will consider further adjustments to its common share dividend policy periodically.