AXIS Capital Announces $100 Million Share Repurchase Authorization; Increases Quarterly Dividend for 18th Consecutive Year
02 Décembre 2021 - 10:15PM
Business Wire
AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS) today
announced the Company's 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, 2022. The Company
intends to repurchase common shares opportunistically, with the
timing and amount of the repurchases depending on a variety of
factors, including market conditions and corporate and regulatory
considerations.
The Company’s Board of Directors also has declared a quarterly
dividend of $0.43 per common share, which represents an increase of
2.4%. This is the 18th consecutive year that the Company has
increased its common stock dividend. The dividend is payable on
January 18, 2022 to shareholders of record at the close of business
on December 30, 2021.
Additionally, the Board declared a dividend of $34.375 per
Series E 5.50% Preferred Share (equivalent to $0.34375 per
depositary share) which is also payable on January 18, 2022 to
shareholders of record at the close of business on December 30,
2021.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global
provider of specialty lines insurance and treaty reinsurance with
shareholders' equity of $5.3 billion at September 30, 2021, and
locations in Bermuda, the United States, Europe, Singapore and
Canada. Its operating subsidiaries have been assigned a rating of
"A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by
A.M. Best. For more information about AXIS Capital, visit our
website at www.axiscapital.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of section 27A of the Securities Act of 1933 and
section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts included in this press
release, including statements regarding our estimates, beliefs,
expectations, intentions, strategies or projections are
forward-looking statements. We intend these forward-looking
statements to be covered by the safe harbor provisions for
forward-looking statements in the United States federal securities
laws. In some cases, these statements can be identified by the use
of forward-looking words such as "may", "should", "could",
"anticipate", "estimate", "expect", "plan", "believe", "predict",
"potential", "intend" or similar expressions. These forward-looking
statements are not historical facts, and are based on current
expectations, estimates and projections, and various assumptions,
many of which, by their nature, are inherently uncertain and beyond
management's control.
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version on businesswire.com: https://www.businesswire.com/news/home/20211202005903/en/
Investor Contact Matt Rohrmann AXIS Capital Holdings
Limited investorrelations@axiscapital.com (212) 940-3339
Media Contact Anna Kukowski AXIS Capital Holdings Limited
anna.kukowski@axiscapital.com (212) 715-3574
Axis Capital (NYSE:AXS)
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