AIZ - Assurant OKs additional $600M buyback boosts quarterly dividend
2023-11-09 17:11:04 ET
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Assurant ( NYSE: AIZ ) on Thursday said it has approved a repurchase program for up to $600 million of its outstanding common stock.
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The buyback authorization is in addition to the company’s current authorization, of which about $174 million remained unused as of October 31, 2023.
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In addition, the company’s board declared a quarterly dividend increase of $0.02 to $0.72 per share of common stock.
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The dividend will be payable on December 18, 2023 to stockholders of record as of the close of business on November 27, 2023.
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Assurant OKs additional $600M buyback, boosts quarterly dividend