Enact Holdings (ACT) Declares $1.12 Special Dividend; 4.5% Yield
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Enact Declares Special Cash Dividend of $183 Million and Initiates $75 Million Share Repurchase Program
November 1, 2022 4:20 PM EDTRALEIGH, N.C., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that its Board of Directors declared a special cash dividend of $183 million, or $1.12 per common share, and has authorized a $75 million share repurchase program. The special cash dividend is payable on December 6, 2022 to shareholders of record as of close of business on November 18, 2022. In support of our planned capital actions, EMICO, our primary mortgage insurance operating company, completed a distribution of $242 million to our holding company in October.
The Boards decision to declare a... More
