Axis Capital Holders Limited (AXS) Raises Quarterly Dividend 7.4% to $0.29; Approves $750M Buyback

Axis Capital Holders Limited (NYSE: AXS) declared a quarterly dividend of $0.29 per share, or $1.16 annualized. This is a 7.4% increase from the prior dividend of $0.27.

The dividend will be payable on January 15, 2015, to stockholders of record on December 31, 2014, with an ex-dividend date of December 29, 2014.

The annual yield on the dividend is 2.3 percent.

AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that the Company’s Board of Directors has authorized the repurchase up to $750 million of the Company’s common shares. The Board has authorized the Company to effect repurchases under this new plan in open market or privately negotiated transactions through December 31, 2016, depending on market conditions. This new repurchase authorization, effective January 1, 2015, will replace the existing authorization, which currently has approximately $268 million in remaining authorization available through December 31, 2015.

For a dividend history and other dividend-related data on Axis Capital Holders Limited (AXS) click here.

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