Patriot National (PN) Declares $2.50 Special Dividend; Adds $25M to Stock Buyback Authorization

November 14, 2016 6:50 AM EST

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Patriot National (NYSE: PN) declared a special dividend of $2.50 per share.

The dividend will be payable on December 9, 2016, to stockholders of record on November 28, 2016, with an ex-dividend date of November 30, 2016.

The annual yield on the dividend is 36.5 percent.

The Board has also approved an expansion of the existing share repurchase program to $40 million from $15 million, effective immediately. The program continues to give management discretion in determining the market and business conditions under which shares may be repurchased from time to time, in open market transactions or in negotiated off-market transactions.

For a dividend history and other dividend-related data on Patriot National (PN) click here.

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