Axis Capital (AXS) Approves $750M Common Stock Buyback
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AXIS Capital Announces New $750 Million Share Repurchase Authorization
December 7, 2015 8:35 AM ESTCompany Increases Quarterly Common Dividend by 21% and Declares Dividends on Preferred Shares
PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Capital Holdings Limited ("AXIS Capital") (NYSE: AXS) today announced that the Companys Board of Directors has authorized the repurchase of up to $750 million of the Companys 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 December 31, 2015, will replace the existing authorization, which currently has approximately $444 million in remaining authorization available through... More
