AXIS $100M Share Repurchase Authorization
AXIS Capital Holdings Limited announced that its Board of Directors has authorized the repurchase of up to $100 million of the Company’s common shares, which may be effected from time to time in open market or privately negotiated transactions through December 31, 2023.
A spokesperson said, “The Company intends to repurchase common shares opportunistically, when the timing and amount of the repurchases depending on a variety of factors, including market conditions and corporate and regulatory conditions.
“The Company Board of Directors has also declared a quarterly dividend of $0.44 per common share payable on January 18, 2023 to shareholders of record at the close of business on December 30, 2022.
“In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share [equivalent to $0.34375 per depositary share] payable on January 18, 2023 to shareholders of record at the close of business on December 30, 2022.”
