HCC Insurance Holdings (HCC) Raises Quarterly Dividend 31.1% to $0.295; Approves $500M Buyback

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Go back to HCC Insurance Holdings (HCC) Raises Quarterly Dividend 31.1% to $0.295; Approves $500M Buyback

HCC Insurance Holdings Announces Increase in Quarterly Cash Dividend and Approves New $500 Million Share Repurchase Program

August 20, 2014 5:00 PM EDT

HOUSTON, Aug. 20, 2014 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE: HCC) today announced its 74th consecutive quarterly cash dividend and the authorization of a new $500 million share repurchase program.

HCC's Board of Directors has declared a regular cash dividend of $0.295 per share on the Company's shares of $1.00 par value common stock, which represents a $0.07 per share or 31% increase in the quarterly dividend. The dividend is payable to stockholders of record on October 1, 2014 and will be paid on or about October 15, 2014. HCC's Board of Directors has also authorized a new... More