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Montpelier RE Holdings Ltd Announces An Increased Quarterly Dividend On Common Shares, Declares Fourth Quarter Dividends And Increases Its Common Share Repurchase Authorization

Friday, 15 Nov 2013 11:30pm EST 

Montpelier RE Holdings Ltd announced that its Board of Directors has increased the regular quarterly dividend payable on the Company`s issued common shares by approximately 9%. The Board also declared a quarterly dividend of $0.125 per common share, and a quarterly dividend of $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A, each payable on or before January 15, 2014, to all shareholders of record as of December 31, 2013. The Company also announced that the Board has increased its existing common share repurchase authorization by an additional $150 million, thereby raising its total common share repurchase authorization as of November 15, 2013 to $279 million. Common shares may be purchased in the open market or through privately negotiated transactions. There is no stated expiration date associated with this share repurchase authorization. 

Company Quote

0.14 +0.39%
19 Dec 2014